JV OJSC "BjyGyps"
The history of JV OJSC "BjyGyps" began with foundation of Kagan chemicals plant in the middle of 1934, which was basically focused on production of ochre and bentonite. In 1957 in regard with organization and development of construction materials' production, the enterprise was renamed into Combine-plant of construction materials as per the decision of the Council of the People's Deputies of Bjy region. And at the end of 1972 in connection with integration of the enterprise with a graphite mine and launch of gypsum production line, the enterprise was renamed into Bjy graphite-gypsum combine-plant (BGGC). Main production of the enterprise at that time comprised: construction plaster, gypsum stone, clumpy bentonite, fractional plaster crushed stone. With installation and launch of a new bentonite shop in 1975 there was started the production of grinded bentonite.In the period from the 70-ies to the 90-ies, the enterprise was progressively increasing the production volumes by constructing new factories and shops and re-equipping them technically. Thus, in 1977 there was launched a lime factory, in 1987 – a new gypsum-melting shop, in 1994 – a grinding-sorting complex for production of plaster crushed stone.
As a result, in the beginning of the ninetieth, the Kagan Plant was one of the field's leaders, being the biggest supplier of raw materials to the cement works of Uzbekistan.
During the second stage of the reforms carried out by the Government of Uzbekistan that were directed to rearrangement and privatization of large state enterprises, viz. in November 1994, as per the Order of State Property Committee of Uzbekistan, the enterprise was transformed into open-type joint-stock company "Bjystroymaterialy" ("Bjy Construction Materials").
By the decision of the joint General meeting of stockholders of OJSC "Bjystroymaterialy" and OJSC "Bjyjeldormramor", as a result of merging, in May 2000 on the basis of these enterprises there was organized OJSC "BjyGyps". Despite the fact that the enterprise had a gypsum pit with raw material stock of 45 028 thousand tons where calcium content made up 90-95 %, a lime-pit with raw material stock of 7 800 thousand tons where the lime activity made up 70%, and had graphite pits as well – due to technical and moral obsolescence of the equipment and techniques, b competition from the side of the small and medium enterprises easily manipulating the prices for gypsum stone and also due to absence of efficient management for bringing the enterprise to a stable pace of manufacture development – by 2002 the enterprise faced a financial decline. As a result, at the end of 2004 by the Decision of Bjy region Economic Court, the enterprise was declared bankrupt, and since that time there was introduced an external management.
Meanwhile, with a purpose of rehabilitating the formerly profitable manufacture, technical re-equipping and equipping the Enterprise with modern technologies, organizing the production of new kinds of construction materials on the basis of the available natural potential – the Government of Uzbekistan announced an open international tender for purchase of the State's packet of shares. Considering the stainless reputation of KNAUF in all the countries where the company has got its productive capacities, and its leading position in the market of construction materials as well, the Tender Committee has declared KNAUF as a winner which then received the control packet of shares on account of investment obligations for the period of 2006 to 2009.
In turn, the first investments directed by KNAUF for repaying the creditor debts, restoring the manufacture and improving the quality of the manufactured production had already been allocated by the end of 2005, – there was resumed the extraction of gypsum stone and production of gypsum cementing agent.
Company partners:
Due to income of the foreign investor's share into the enterprise's Statutory Fund, by the decision of the General meeting of stockholders, on January 21, 2006, OJSC "BjyGyps" was transformed into Usa-German joint venture "BjyGyps" in the form of Open-typed Joint-Stock Company. And for today, KNAUF is the biggest shareholder of the enterprise, having the market share of the enterprise at the rate of 95% of the Statutory Fund.