Isuzu Motors to purchase 8% stake in SamAuto
29/07/2015 20:04
Isuzu Motors to purchase 8% stake in SamAuto
29/07/2015 20:04
Tashkent, Uzbekistan (UzDaily.com) -- Joint stock company Uzavtosanoat and Japanese company Isuzu Motors signed an agreement on realization of 8% stake in the charter capital of Samarkand Automobile Plant (SamAuto), the press service of Uzavtosanoat said.
The document was signed within the visit of the delegation of Isuzu Motors to Uzbekistan and is a logical continuation of long-term and mutual-beneficial cooperation between Isuzu Motors and Uzavtosanoat.
The sides agreed on further long-term strategy of SamAuto development, including updating and expanding model line, deepening level of localization, as well as further introducing advanced Japanese technologies and production processes.
Executive Vice President and Director of Isuzu Motors Takanobu Furuta said that purchase of stake in SamAuto by the Japanese company is logical stage of partnership with Uzavtosanoat.
He said that the Japanese company sees high demand to quality trucks, taking into account projects on development of transport infrastructure and active development of industrial production.
Uzavtosanoat and Isuzu Motors have been cooperating since 2007. The Japanese company is technological partner of SamAuto, which produces commercial vehicles (buses and trucks) based on chassis of the Japanese company.
Since 2007, SamAuto produced 10,200 buses and 11,500 trucks based on chassis and engine of Isuzu Motors Ltd., including 1,200 buses and 2,600 trucks in 2014.
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