The Uzbek company from the RESBUD Group has launched the production of key structures and elements for the telecommunications, power and automotive sectors.
The Uzbek company from the RESBUD Group has launched the production of key structures and elements for the telecommunications, power and automotive sectors.
The Uzbek company Elektrqishloqqurilish JSC, whose controlling stake was acquired by RESBUD SE in September 2023, has resumed the production of triangular prism supports used as relay towers in the telecommunications sector and metal structures for lighting towers with reflectors. Last year, the company also started producing components for Chevrolet cars. These are further effects of development and restructuring activities undertaken by RESBUD SE after taking control of the Uzbek company.
Already after the incorporation of Elektrqishloqqurilish JSC into the RESBUD Group, in December 2023, the Uzbek company resumed the production of triangular prism supports with a height of 24 and 30 meters, used as relay towers by many different mobile operators located in Uzbekistan, including: Beeline (VEON Ltd), Ucell, Mobiuz (UMS) or Uzmobile.
Currently, in addition to the production of metal supports for high-voltage transmission lines and relay towers, Elektrqishloqqurilish JSC has also resumed the production of metal structures for lighting towers with reflectors and has signed a contract for the supply of towers to LLC "HEX SOLAR" (which is part of a large Chinese engineering and trading concern China Machinery Engineering Corporation), which is building the 220 kV substation "Sherabad-2" in Uzbekistan. It is worth recalling that in September, JSC "Elektrqrishloqqurilish" also signed a contract with this company for the supply and installation of a 220 kV overhead line, on the section "Sherabad-2 Substation - Surkhan-500 Substation", with a length of 20 km. The value of this contract reached PLN 5,8 million.
Last year, Elektrqishloqqurilish JSC also started the production of components for Chevrolet cars manufactured by "UzAuto Motors". The first batch of parts has already been manufactured and sent to the contractor in December 2023.
- Resumption of production of key structures and elements for the telecommunications, power and automotive sectors, as well as the signing of another contract with the LLC "HEX SOLAR", which is part of a large Chinese engineering and trading concern China Machinery Engineering Corporation, confirm the strong position of Elektrqishloqqurilish JSC in its home market. Our Uzbek company has a very large development potential, and the ongoing transformation and restructuring is bringing more and more tangible results, the confirmation of which our shareholders should soon see in the results of RESBUD SE – says Krzysztof Długosz, President of the Management Board of RESBUD SE.
About the company Elektrqishloqqurilish JSC
Elektrqishloqqurilish JSC is a company operating in the electricity sector, engaged in the production, construction, installation and modernization of power lines and the construction of power substations in the Republic of Uzbekistan, as well as the production of steel and reinforced concrete products. It is considered one of the leading contractors of power grid facilities in Central Asia - it has performed power electrical work for such manufacturing companies as: Hyundai Engineering, Eriell, Hengyuan Group Co. Ltd. or Lukoil.
The company's assets include the Namangan Iron Structures Plant, the Kuvasoy Concrete Products Plant, the Tashkent Technological Devices Production Plant and other assets. The company employs approximately 900 people and has 430 machines, including: trucks, bulldozers, truck cranes, hydraulic machines, excavators and mobile power stations. The company's developed internal logistics ensures efficient functioning of all company departments and optimal use of its capabilities and resources.
Takeover of the controlling stake of Elektrqishloqqurilish JSC by RESBUD SE
On September 6, 2023, RESBUD SE and its subsidiary Conpol sp. z o. o. signed an agreement with Uralska Energetyczny-Budowlana Spółka Akcyjna for the purchase of 100% of shares in two companies: Grid Solutions LLC and United Grid Solutions LLC, both based in Tashkent (Uzbekistan). ), owning directly 95 shares of Elektrqishloqqurilish JSC, i.e. 144% of its share capital. The transaction enabled RESBUD SE to expand into the dynamic market in Central Asia.
RESBUD SE
RESBUD SE is a modern, dynamically developing European holding, operating in the construction, power and civil engineering markets as well as supplies of materials for the construction and energy sectors, listed on the Warsaw Stock Exchange since 2007. It combines a modern approach to business with 70 years of experience in the construction industry.
The companies included in his investment portfolio (Conpol Sp. z o. o., Uniwersim Sp. z o. o. and Elektrqishloqqurilish JSC based in Tashkent - through the companies: Grid Solutions LLC and United Grid Solutions LLC), deal primarily with: construction of civil engineering facilities in road and railway routes, erection of reinforced concrete structures, construction works, civil engineering, production of bitumen and concrete, production, construction, installation and modernization of power lines and construction of energy substations, as well as the supply of materials and equipment for large infrastructure investments