Industry News

Akfa Aluminium’s 'B+/B' credit rating reflects strong future leveraging Uzbekistan’s global industrial position

Views : 4
Update time : 2024-09-23 14:41:25
Akfa Aluminium, Uzbekistan's leading manufacturer of aluminium and PVC profiles, has reportedly received 'B+/B' long and short-term issuer credit ratings from S&P Global for demonstrating a stable outlook in the Central Asian market. In 2023, Akfa emerged as the largest producer of aluminium and PVC profiles in Uzbekistan and Central Asia, with a sales figure of UZS 4.3 trillion (approx. $347 million). 

The company, with its revenue and business size, controls 62 per cent of aluminium profiles market and 55 per cent of PVC profiles market in Uzbekistan. Uzbekistan, a Central Asian country, is gradually taking a key position in the world with its industrial developments. According to the survey revealed by the Institute of Macroeconomic and Regional Research (IMRI), industrial production in the Central Asian country rose 6 per cent at the end of 2023, achieving favourable growth rates in all the key sectors, including ferrous and non-ferrous metal industries. In 2022, Uzbekistan ranked as the world's 59th largest aluminium bars exporter and 63rd largest importer, registering an export value of $32.5 million and an import value of $57.5 million.

Related News
Read More >>
Century Aluminum resumes alumina shipment operations at its Jamalco Rocky Point port Century Aluminum resumes alumina shipment operations at its Jamalco Rocky Point port
Sep .23.2024
Century Aluminum resumes alumina shipment operations at its Jamalco Rocky Point port
American aluminium giant Alcoa to exit Ma’aden joint venture, selling 25.1% stake to Saudi partner American aluminium giant Alcoa to exit Ma’aden joint venture, selling 25.1% stake to Saudi partner
Sep .23.2024
American aluminium giant Alcoa to exit Ma’aden joint venture, selling 25.1% stake to Saudi partner
Aluminium stocks at Japanese ports drop 9% Y-o-Y in August, highlighting ongoing supply issues in Asia Aluminium stocks at Japanese ports drop 9% Y-o-Y in August, highlighting ongoing supply issues in Asia
Sep .23.2024
Aluminium stocks at Japanese ports drop 9% Y-o-Y in August, highlighting ongoing supply issues in Asia
China’s bauxite imports soar to a record high, buoyed by 14.6% hike in Guinea’s supply China’s bauxite imports soar to a record high, buoyed by 14.6% hike in Guinea’s supply
Sep .23.2024
China’s bauxite imports soar to a record high, buoyed by 14.6% hike in Guinea’s supply