What Centrum Holding does

Centrum Holding LLC is an integrated logistics operator headquartered in Tashkent, Uzbekistan, structured around four wholly-owned subsidiaries that together span the freight and passenger value chain. Centrum Air provides passenger aviation services, My Freighter operates an air cargo business with 350 tons of total capacity using 50-ton freighters, Centrum Logistics (Uzlogistic) handles ground transportation and integrated logistics, and UzKoram manufactures plastic components, holding approximately 60% market share within Uzbekistan. The group employs between 1,001 and 5,000 people and positions itself as a multimodal platform connecting East and West along the historic Silk Road corridor.

The business model is diversified across four revenue streams: passenger ticket sales through Centrum Air (priced roughly 10% below Uzbekistan Airways), air freight services via My Freighter, B2B logistics contracts through Centrum Logistics, and B2B plastic component manufacturing at UzKoram. Centrum Air targets a fleet of 100 aircraft by 2029, indicating a capital-intensive growth strategy dependent on aircraft leasing/financing and route development. The model is asset-heavy rather than platform-light, with significant fixed-cost exposure to fleet ownership and ground logistics infrastructure.

The group has announced plans for an initial public offering at a $2 billion valuation with up to 30% free float, engaging Oppenheimer & Co. and Citibank as underwriters. The holding is privately held, and IPO proceeds are earmarked for infrastructure modernization. The combination of aviation, cargo, ground logistics, and manufacturing under a single Uzbek sponsor is uncommon regionally and forms the central premise of the investment case.

Name

Centrum Holding

Legal name

Centrum Holding LLC

Website

https://centrum-holding.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Centrum Holding is an integrated logistics operator headquartered in Tashkent, Uzbekistan, running four subsidiaries — Centrum Air (passenger aviation), My Freighter (air cargo), Centrum Logistics (ground logistics), and UzKoram (plastic components) — serving Central Asian passenger, freight, and manufacturing markets along the Silk Road corridor.

Ownership category

akta.pro rank

Headquarters

HQ city

Tashkent

HQ country

Uzbekistan

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Passenger Aviation Services: Revenue from competitive international and domestic flights, both scheduled and non-scheduled, priced approximately 10% below Uzbekistan Airways
2. Air Cargo Operations: Long-distance expedited transportation of goods utilizing both owned and leased aircraft with total load capacity of 350 tons, providing last-mile solutions for clients
3. Ground Logistics / Multimodal Transportation: B2B ground logistics division enabling freight shipment across sea, rail, and road networks, complementing air transport capabilities
4. Plastic Components Production (UzKoram): Production of plastic components with over 700 items in product range, annual output exceeding 10 million units. Holds approximately 60% market share of plastic components in Uzbekistan

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Centrum Holding is an integrated logistics operator based in Uzbekistan that provides passenger aviation services (Centrum Air), air cargo transportation with 350 tons of load capacity (My Freighter), multimodal ground logistics across sea, rail, and road networks (Centrum Logistics and Uzlogistic), and plastic components manufacturing (UzKoram) with approximately 60% market share in Uzbekistan. The company operates through wholly-owned subsidiaries to deliver end-to-end transportation and logistics solutions along the Silk Road corridor.

Product overview

Centrum Holding is an integrated logistics operator with a multi-brand portfolio consisting of four distinct divisions: Centrum Air (passenger aviation offering scheduled and non-scheduled flights priced approximately 10% below Uzbekistan Airways), My Freighter (air cargo services with 350 tons total load capacity), Centrum Logistics (multimodal ground logistics across sea, rail, and road networks), and UzKoram (plastic components production with 60% market share). The holding operates as a platform combining cargo services, passenger aviation, and ground logistics to facilitate end-to-end shipment solutions along the Silk Road corridor.

Differentiator

Problem solved

Functional benefit

Brands

• Centrum Air: Passenger aviation services offering competitive international and domestic flights, priced approximately 10% below Uzbekistan Airways. Operates both scheduled and non-scheduled flights to destinations worldwide.
• My Freighter
• Centrum Logistics
• Uzlogistic
• UzKoram

Products and services

• Centrum Air (Passenger Aviation Services) Passenger aviation brand offering competitive international and domestic flights, priced approximately 10% below Uzbekistan Airways. Operates both scheduled and non-scheduled flights to a wide range of destinations worldwide, targeting individual travelers seeking affordable air travel options.
• My Freighter (Air Cargo Services) Air cargo brand addressing demand for long-distance, expedited transportation of goods using both owned and leased aircraft with a total load capacity of 350 tons. Complemented by ground logistics for last-mile delivery solutions, targeting businesses requiring expedited cargo transportation.
• Centrum Logistics (Ground Logistics) B2B ground logistics division operating as a multimodal transportation leader, enabling freight shipment across sea, rail, and road networks to complement air transport capabilities. Targets enterprise customers requiring comprehensive transportation solutions.
• UzKoram (Plastic Components Production) Plastic components manufacturer holding approximately 60% of the market share in Uzbekistan, producing over 700 items with annual output exceeding 10 million units. Supplies to local producers and import replacement markets, targeting domestic manufacturers needing plastic components.

Quantifiable outcome

• Prices approximately 10% below leading carrier Uzbekistan Airways for passenger flights
• +3 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators6 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Turkish Cargo: The cargo arm of Turkish Airlines, one of the world's largest air freight operators with a global scheduled cargo network via Istanbul. Competes with My Freighter for time-sensitive East–Middle East–Europe air cargo and serves as the larger incumbent in the same corridor category.
• CEVA Logistics: Global third-party logistics provider offering multimodal (air, sea, road, rail) freight forwarding and contract logistics. Directly comparable to Centrum Logistics/Uzlogistic in operating integrated B2B ground logistics across multiple transport modes.
• Qatar Airways Cargo: One of the major international scheduled cargo carriers operating out of the Middle East serving Europe–Asia traffic. Comparable to My Freighter's mission of connecting Asia and Europe via hub-and-spoke freighter operations, and offers a benchmark of scale Centrum aspires toward by 2029.
• Cargolux Airlines International: Luxembourg-based all-cargo carrier operating scheduled and charter freighters globally. Comparable to My Freighter in mission and asset model (long-haul freighters), and serves as the larger incumbent benchmark for pure cargo aviation operations.
• DP World: UAE-headquartered global port operator and logistics provider with multimodal capabilities across sea, road, and air. Comparable to Centrum's integrated logistics operator model and Silk Road positioning as a connector between East and West trade flows.

Direct peers

• Air Astana: Kazakhstan's flag carrier operating a comparable mix of scheduled passenger flights and cargo services out of Central Asia. Comparable in scale, regional hub ambition, and the dual passenger/cargo model that Centrum Holding pursues via Centrum Air and My Freighter.
• Uzbekistan Airways: Uzbekistan's state-owned flag carrier operating scheduled passenger flights, cargo, and serving as the dominant local incumbent. Centrum Air positions directly against it with ~10% lower fares, making it the closest peer for both passenger and cargo operations.
• Silk Way West Airlines: Azerbaijan-based cargo-only carrier serving the East–West trade corridor with a freighter fleet comparable in mission to My Freighter. Operates similar long-haul cargo traffic between Asia and Europe, making it a direct competitor for transcontinental air freight customers.

Regional players

• Trans-Caspian / Multimodal Central Asia Forwarders: Logistics firms and forwarders operating cross-border multimodal routes across Central Asia via Caspian sea, rail, and road. Comparable to Centrum Logistics and Uzlogistic as regional multimodal freight arrangers seeking to capitalize on China–Europe trade rerouting.
• SCAT Airlines: Kazakhstan-based airline operating domestic and regional passenger flights plus cargo services. Comparable to Centrum Air as a regional Central Asian carrier chasing domestic share against a national flag carrier, though operates in a neighboring market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/centrum-holding

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Centrum Holding