According to information from the president's representative in the Jalal-Abad region, an agreement was signed on February 13 between the Cabinet of Ministers and the LLC "Yug Euro Cement" for the implementation of an investment project to establish a cement plant in this city.
The signing of the agreement involved Tilek Tekebaev, the presidential representative in the region, and the company's management.
The project includes the completion of the previously started construction of the cement plant in Tash-Kumyr and its commissioning. The expected cost of this project exceeds 50 million dollars, and after its launch, it is planned to create about 250 new jobs.
According to the Ministry of Justice, Kasimov Bakhtiyar Imerovich is the head of LLC "Yug Euro Cement," and the founders are the companies "PALWAN INSAAT TURIZM LOJISTIK SANAYI TICARET LIMITED SIRKETI" and LLC "HYPER PARTNERS."
LLC "Yug Euro Cement" was registered with the justice authorities of the Kyrgyz Republic on July 12, 1993, and underwent re-registration on January 25, 2024.
The main activity of the company is cement production.
The company "Hyper Partners" is an investor and partner in the project to build a business center with a hotel on the site of the "Naryn" restaurant and a mosque for 20,000 people in Bishkek.
The founding company "Palvan Insaat Turizm Lojistik Sanayi Ticaret Ltd. Sti." is registered in Turkey, with its headquarters in Istanbul. It is engaged in wholesale trade of timber, plywood, and other wood products. It was established on November 10, 2011.
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In August 2024, the Chairman of the Cabinet, Akylbek Japarov, visited the construction site, as reported by the Cabinet of Ministers. At that time, the project was 60% completed, and the plant's launch was planned for 2025.
According to the plan, the plant will produce up to 1 million tons of cement per year, which will create 250-300 jobs.
