The Competition Committee announced an anti-dumping investigation against the cement producer Shangfeng — Bridge of Friendship.

Founders of several cement plants operating in the Fergana Valley filed a complaint with the agency. According to them, the Uzbek-Chinese enterprise sells its products below cost price, putting local producers on the brink of bankruptcy.

The newly appointed head of the agency, Khalilulloh Turakhodjaev, traveled to the Fergana region to study the situation on the ground. Representatives of 13 cement manufacturing companies attended the meeting with him.

Following the meeting, the Committee requested information from Shangfeng — Bridge of Friendship regarding the sale of cement at underpriced rates for investigation purposes. After the company failed to provide this information on time, a case was initiated against it.

The situation is under the Committee’s supervision, the statement emphasized. The agency’s leadership also gave entrepreneurs recommendations on presenting their initiatives to the government to address other issues.

An agreement to establish cement production in the Bulakbashi district was reached in October 2023. At that time, Chinese partners promised to build two plants that could export products worth $20 million annually and replace $15 million in imports.

The Uzbek-Chinese joint venture Shangfeng — Bridge of Friendship began operations at the end of April. The plant, costing about $250 million, can produce up to 6,500 tons of cement per day.