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Lanekstrakt, which locates at Chimbai district of Karakalpakstan, was founded in cooperation with China’s Luoyang Lanbing four years ago. The venture started operations a year later. The charter capital of the enterprise is US$3.2 million.
The venture processes licorice (Glycyrrhiza Glabra). The plant grows in valley and delta of Amudarya, riparian forest, channels, etc. This is herbal plant, widely used in pharmaceuticals.
Currently, the enterprise started to assembly the second production line. Soon, modern equipment will be commissioned.