Serba Dinamik Group Bhd, a Malaysian energy services unit of investment holding company Serba Dinamik Holdings Berhad, plans to build a caustic soda plant in Uzbekistan for $250 million.

The company said that 120 new jobs will be created at the new plant, and all products will be export-oriented. The equipment for the plant will be manufactured by German steel to engineering company ThyssenKrupp AG.

Serba Dinamik said that it planned to sign in December an agreement on cooperation in the area of implementation of this project and to sign an investment agreement in April 2019.

The project implementation period will be 18 months after the signing of the investment agreement.