UzKTM Signs MoU with Kirkoswald Capital in London

Tashkent, Uzbekistan (UzDaily.com) — The Uzbek Technological Metals Combine (UzKTM) has signed a memorandum of understanding with investment firm Kirkoswald Capital Partnership LLP during Investor Day held in the United Kingdom, the company said.

Kirkoswald Capital Partnership LLP operates in the field of international investments and financing of strategic industrial projects.

Under the document, the parties intend to develop cooperation in the field of critical raw materials and high value-added technological metals, establish supply chains for products on international markets, implement joint investment projects, and explore the possibility of creating a joint venture.

The memorandum also provides for cooperation on project implementation based on UzKTM facilities using modern technologies, expansion of production capacities, deeper raw material processing, and attraction of foreign investment.

In addition, during Investor Day events, UzKTM representatives held talks with a number of leading international investment and financial institutions, including J.P. Morgan, BlackRock, Wellington Management Company, Ashmore Investment Management, T. Rowe Price, and AXA Investment Management.

The company noted that following the successful issuance of eurobonds by UzKTM on the international capital market, agreements were reached to continue negotiations with investors on financing, joint project implementation, and the development of strategic partnerships.

The new agreements are expected to further support the integration of Uzbekistan’s industrial sector into international financial markets and expand export-oriented production in the technological metals segment.