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Uzbek food sector invests € 20 million in Celtic Cooling

At the end of May a trade delegation from Uzbekistan and GMV, branch organisation of Dutch machine producers for food processing and packaging, signed two collaboration agreements. These state the intention to give € 31 million worth of assignments to members of GMV. Co-signer was Joost van Klink, general director of Celtic Cooling, which signed for € 20 million.

Celtic Cooling already sold three IQF installations (Individual Quick Frozen) in Uzbekistan, of which the first will be set up at the company this month. On its way to Tashkent at the moment is one of these installations for freezing fruit and vegetables for contractor Gold Dried Fruit. This will be taken into use after the summer.
From May 23 to 27 the trade delegation of around ten Uzbek companies visited the Netherlands. The delegation mainly consisted of businesses in the fruit and vegetable processing and cold storage, as well as a few trade organisations. GMV took these companies and organisations to visit innovative companies and organisations.
On May 24 two collaboration agreements were signed in Alkmaar, with the intention to give € 31 million worth of assignments to members of GMV. € 20 million of this was signed with Celtic Cooling. During the trade mission a large part of this intention was turned into concrete assignments.

Tidying up restrictions together
GMV has been working on a long term collaboration with a limited amount of countries since last year: so far it includes Uzbekistan and Canada. By investing in a country over a longer period of time a good and resistant relationship can be built up. At the same time any (trade) limitations can be tackled together.

For trade with Uzbekistan this is the international financial relationship. Uzbek companies find it difficult to convert the local currency into Western currency. This makes it hard to do business. With the input of companies and government of both Uzbekistan and the Netherlands they searched for solutions together with GMV. The Uzbek Ipak Yuli Bank also participated in the mission: one of the few Uzbek banks that are connected to the international banking system.

It was agreed with the Uzbek delegation to maintain regular contact, by way of visits back and forth and organising specialist mini seminars in Uzbekistan. At the moment there are 16 Uzbek students studying in Wageningen. The intention is to expand this number.

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