British company GOR Investment has announced the launch of an innovative production facility in Central Asia. The new plant, located in Uzbekistan, will produce nanopowder of high-purity molybdenum trioxide.
One of the project initiators, Technano Innovation, led by businessman Ovik Mkrtchyan, believes the project has the potential to boost demand for high-tech industries across the region. This project is unprecedented in Central Asia. The first batch of finished products has already been produced at the facility located in the owner, and large-scale production is scheduled to begin in February.
Technano Innovation, part of the GOR Investment Limited group founded by Mkrtchyan, developed and implemented this project, providing pioneering technology. Specially designed industrial equipment produces molybdenum trioxide nanopowder with particle sizes ranging from 20 to 80 nanometers and a purity level of 99.999%.
Mkrtchyan highlighted the important prospects of the company and outlined plans to gradually expand the range of products manufactured at the plant. He said: “It is possible to produce nanopowders from rare metals such as tantalum, tungsten, niobium, molybdenum and vanadium, in addition to precious metals such as platinum and gold.” The businessman expressed his confidence that the factory’s products will find buyers in local and international markets, including Europe.
Mkrtchyan stressed that the project is compatible with the economic interests of Uzbekistan. The nanopowder production facility supports the “roadmap” of the country’s innovation development strategy for 2024-2025 and promotes growing business activity in the region. He noted that the year 2025 has been designated as the year of environmental protection and green economy in Uzbekistan.
Despite actively contributing to Uzbekistan’s economic development and working in concert with the country’s government programs, GOR Investments has faced a wave of negative media attention. Key figures in the company, including Ofek Mkrtchyan, have been targeted with baseless accusations. The businessman noted that similar attempts to discredit GOR Investments occurred more than a decade ago, prompting the company to enlist high-level legal expertise to successfully defend its integrity. He stressed that the current allegations, like those in the past, appear to be aimed at undermining the company’s credibility rather than addressing any real concerns.
Noting that business success can sometimes spark rivalry, Ovik Mkrtchyan noted that recent media coverage may be taking advantage of Uzbekistan’s internal political dynamics to intensify efforts to damage its reputation. He described the use of smear campaigns, where misinformation is spread on questionable platforms, sometimes picked up and amplified by sensationalist outlets, including some in Europe, who may not always verify the material.
Mkrtchyan strongly rejects these accusations and points out their political implications. “There seems to be an attempt to drag me and my business into behind-the-scenes machinations that I don’t really understand. I am a businessman with no political goals or interests.”
GOR Investments’ legal team processes defamatory posts, collects evidence, and prepares for filing lawsuits. Mkrtchyan expressed his confidence in the UK legal systems and expects a positive outcome for the company.
In recent years, Europe has shown increasing interest in Central Asia. The combination of government support for foreign investment and the labor force available in the region makes it attractive to investors. If Mkrtchyan succeeds, Technano Innovation could become one of the first large-scale innovative projects implemented by a foreign company in the region. The experience gained can serve as a model for other investment initiatives.
Ofik Mkrtchyan believes GOR Investments has the potential to pave the way for Western capital in a rapidly growing but still undervalued region. Projects such as Technano Innovation demonstrate the attractiveness of Central Asia, which urgently needs to develop innovative industries. The businessman expressed his willingness to pursue more investment projects that could help the region obtain a prominent position in the global economy in the future.
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