BAKU, Azerbaijan, June 2. President Shavkat
Mirziyoyev visited NovoPlast TPE, a polymer manufacturing company
operating in the Chirchiq Chemical Industrial Technopark, as
Uzbekistan continues efforts to expand industrial production and
boost exports, Trend
reports via the press service of the Uzbek president.


The project was implemented in partnership with Russia's VR
Plast and occupies a 4,200-square-meter site. Total investment in
the facility amounted to $5.4 million.


The enterprise operates modern production lines and a
state-of-the-art laboratory and has emerged as one of Uzbekistan’s
leading producers of thermoplastic elastomer granules and related
finished products.


NovoPlast TPE manufactures thermoplastic elastomers, seals for
doors and window frames, industrial and food-grade hoses, as well
as a range of polymer products used in the construction and
electrical engineering sectors.


According to company officials, the products are valued for
their durability, resistance to deformation, and ability to
withstand environmental factors, making them suitable for use in
construction, automotive manufacturing, food processing, and
electrical applications.







The facility also houses a research and development center where
specialists develop new thermoplastic elastomer formulations
tailored to the requirements of Asian and European markets.
Finished products, including granules, seals, and high-pressure
hoses, are tested to ensure compliance with international
standards.


The project has created 58 jobs and produced goods worth 103
billion soms (about $8.6 million) in 2025. The company also
exported $5 million worth of products during the year.


Officials said the enterprise contributed significantly to
import substitution efforts, manufacturing products worth $8.5
million that would otherwise have been imported.


Looking ahead, NovoPlast TPE plans to increase annual production
to 177 billion soms (about $14.7 million) and raise exports to 60%
of total output, strengthening its position in Central Asian and
other international markets.