The construction of a PVC production plant in Uzbekistan, the largest in the company, has been postponed until 2012. The construction of the new PVC complex was initially planned at the Navoiazot company, Uzbekistan’s largest chemical enterprise. However, the plans have not yet been approved by the government. The project is a JV, which will be known as ISU Navoi Chemical, owned by Navoiazot and South Korea-based ISU. Total cost of the project cost is estimated at €138m. Funding will come from the Uzbek Fund for Reconstruction and Development as well as foreign investments. According to initial plans, the construction of the complex should be completed in 2012, while the design capacity of the plant is 50,000 tonnes of PVC and 32,000 tonnes of caustic soda.