Uzbekistan's Fergana Region, US-Based MACGA Sign $35M Memorandum
This was reflected in the statement by the Fergana regional government, following a meeting between a delegation led by Fergana Region Deputy Governor Islamjon Madaminov and representatives of U.S. companies.
Representatives of MACGA, Honeywell International, Integrated Global Services (IGS), Air Products, Siguler Gulf, ITF Group and Logan University participated in business-to-business meetings with executives from the Fergana Oil Refinery, Quartz JSC and Global Textile.
The discussions covered the introduction of new technologies and automation at the Fergana Oil Refinery, corrosion protection for industrial equipment, and opportunities to reduce natural gas consumption at glass-melting furnaces through oxy-fuel technology.
The participants also explored ways to expand cooperation in the textile industry, with agreements reached in several areas.
The $35 million memorandum between MACGA and the Global Textile group was the main outcome of the meetings. The parties did not disclose the agreement's implementation timeline or provide a breakdown of the planned investments.
The meetings were aimed at establishing business partnerships between Fergana-based enterprises and U.S. companies in manufacturing, industrial technology, energy efficiency and textiles.
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