Sunday26 January 2025
centralasiabusiness.com

In 2024, NGMC produced goods worth 93.9 trillion sums.

In 2024, the Navoi Mining and Metallurgy Combinat (NGMC) produced goods worth 93.9 trillion soums, reflecting a 5.3% increase compared to 2023.
В 2024 году НГМК выпустил продукцию на сумму 93,9 трлн сумов.

As part of the investment program, $790 million was utilized, resulting in the creation of 715 new jobs.

Additionally, under the localization program, NGMC produced goods worth 916 billion soums, while inter-industry industrial cooperation saw purchases amounting to 6.2 trillion soums.

As a result of cost optimization, the production cost was reduced by 3.7 trillion soums.

It is worth noting that in October, NGMC issued eurobonds totaling $1 billion on the London Stock Exchange. One issuance of $500 million has a maturity of 4 years with a coupon yield of 6.7%, while the second has a 7-year term with a yield of 6.95%.

The total book of applications reached $5.5 billion, setting a record for Uzbek issuers. A new issuance of NGMC eurobonds worth $500 million is planned for 2025.