--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20190826-samarkandkimyo-uzbekistan-goes-private/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # Samarkandkimyo goes private Publication Date: 2019-08-26T15:17:01-04:00 Last Updated: 2019-08-26T19:04:20-04:00 Author: Elena Shalashnik (https://www.fertilizerdaily.com/author/shea2707/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/) ![Samarkandkimyo goes private](https://www.fertilizerdaily.com/wp-content/uploads/2019/08/money-of-uzbekistan.jpg) The Uzbek chemical industry is being reformed with the help of investors. The state-owned company Uzkhimprom announced who acquired 100% of the shares of its chemical plant Samarkandkimyo. As follows from the Uzkhimprom press release, it is planned to sell Samarkandkimyo shares to the Cyprus-based company Ferkensco Management at the “zero” redemption value with investment obligations as part of the program for the development of the chemical industry of the Uzbekistan in 2019-2030. It is emphasized that facilities for the production of phosphate (ammophos and monoammonium phosphate) and complex fertilizers are to be created at the Samarkandkimyo. The plant will be able to produce up to 300 thousand tons of phosphate and as many complex fertilizers per year. Samarkandkimyo can now produce complex fertilizers, however, its capacities are obsolete and deteriorated. Earlier, the President of Uzbekistan Shavkat Mirziyoyev signed a decree “On measures to further reform and increase the investment attractiveness of the chemical industry”, which provides for the sale of shares in several large chemical enterprises. Tags: [complex fertilizers](https://www.fertilizerdaily.com/tag/complex-fertilizers/), [phosphorus fertilizer](https://www.fertilizerdaily.com/tag/phosphorus-fertilizer/), [Uzbekistan](https://www.fertilizerdaily.com/tag/uzbekistan/), [Uzkhimprom](https://www.fertilizerdaily.com/tag/uzkhimprom/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.