A joint textile venture between several companies from three different countries has gone into operation in Uzbekistan.

The Uzbek-Turkish-Japanese Chinoz Tukimachi Ltd enterprise will specialise in yarn and knitted wear production and is based in the Chinaz district of the Tashkent region.

The new plant has a design output capacity of 5,300 tonnes of yarn and 2,500 tonnes of knitted wear a year. Investments in the project have reached $63.19m, with $44.96m of the funding coming from the Japanese International Cooperation Bank.

The three nations plan to have a second joint venture up and running by the end of the year, which will be named Ok Saroy Tukimachi Ltd. Next year, the two operations are expected to export a total of $100m worth of goods.