• Projects
  • Completed
  • Modernization of chemical industry to raise the competitiveness of economy

Modernization of chemical industry to raise the competitiveness of economy

Research areas:

Duration: June 2010 - December 2010

Modernization of chemical industry to raise the competitiveness of economy

Chemical industry is one of the leading basic industries of Uzbekistan economy. It has a high production capacity as well as scientific and technical potential. In particular, in 2008 production of the chemical industry accounted for 5% of the total industrial output, while the growth rate of the industry in 2008 was nearly 108,2%.

However, despite the achieved results, the competitiveness and effectiveness of enterprises in this sector is still not high. The profitability of the chemical industry is twice as low as the average profitability of manufacturing in Uzbekistan. This situation could be explained by high production costs and use of the obsolete equipment at the enterprises: for example, in 2007 the rate of deterioration of industrial production assets in chemical industry was equal to 58,6%.

Therefore, the main aim of the research is to raise effectiveness and competitiveness of the chemical industry through its modernization.