The Namangan Region of Uzbekistan has signed an investment agreement worth $105 million with the Italian company Gamma Meccanica.
According to the press service of the Namangan Region administration, this agreement was the result of negotiations between the regional delegation, led by Governor Shavkatjon Abdurazakov, and the company's management during a working trip to Italy.
During the visit, the delegation familiarized itself with Gamma Meccanica's production facilities and technologies. The company specializes in the creation of industrial equipment.
Gamma Meccanica was founded in 1977 and has its headquarters in Bibbiano, in the Emilia-Romagna region of Italy, where its main production sites are also located. The company produces production lines for mineral wool and XPS insulation panels used in building thermal insulation, as well as equipment for processing plastic waste.
During the meeting with the company's president, Andrea Burini, the parties discussed opportunities for developing industrial production in the Namangan Region, implementing energy-saving technologies, and implementing joint projects for plastic waste recycling.
Furthermore, the participants focused on the potential for investment cooperation and the possible application of the company's technologies in the region's industrial sector. After completing the negotiations, the parties signed an investment contract valued at $105 million. However, the official statement did not provide information on the project implementation timeline, production capacity, or distribution of investments.
