Uzavtoprom to launch car components production for US$18.8m in 2009-2012
27/05/2009 16:05
Uzavtoprom to launch car components production for US$18.8m in 2009-2012
27/05/2009 16:05
Tashkent, Uzbekistan (UzDaily.com) -- Uzavtoprom joint stock company, which unites enterprises of auto industry of Uzbekistan, will launch production of auto components at the premises of Bobur textile plant in Andijan. The projects worth US$18.8 million will be implemented within 2009-2012.
Creditors meeting of Bobur open joint-stock company adopted decision to realize part of its property to Uzavtoprom for 5.6 billion soums. The government of Uzbekistan approved initiative of the company to launch five enterprises on production of auto components at the premises of the enterprise. The components will be used for production of GM Uzbekistan (Asaka, Andijan region) and SamAvto (Samarkand).
The company plans to launch capacities on production of cooling, ventilation and heating system for US$9.2 million, production of plastic petrol tanks for US$5 million, non-fabric materials for decoration of saloon for US$2.14 million, as well as catalytic converters and plastic details of medium standard size for US$2.5 million. The capacities of the plants will be from 180,000 to 250,000 components a year.
Uzavtoprom is holding negotiations with several foreign companies on supply of equipment and their participation at these projects. The projects will be financed due to own resources of Uzavtoprom and credits of local banks.
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