OREANDA-NEWS. February 11, 2014. The Collateral agreement No.2 to Investment contract, briefed between the Government of the Republic of Uzbekistan and Singaporean Indorama Industry Pte LTD in order to implement of 3rd phase of investment project on organization of state-of-the-art textile manufacture using the facilities of the “Indorama Kokand Textile” FE has been approved by the Resolution of the President of the Republic of Uzbekistan No. PR-2111.

The Collateral agreement is provided for supplementary investment by Indorama Industry Pte LTD at the amount of 20 million USD in order to enlarge of spinning manufacture of the “Indorama Kokand Textile” FE with creation of additional 100 new job places.

As of January 1, 2014, the total amount of Indorama Industry Pte LTD investment to Uzbek textile sector has exceeded 90 million USD.