Currency rates from 07/10/2024
$1 – 12775.02
UZS – 0.27%
€1 – 14090.85
UZS – 0.2%
₽1 – 134.60
UZS – 0.16%
Search
Economy 13/09/2011 New ventures to supply components to GM Uzbekistan
New ventures to supply components to GM Uzbekistan
Tashkent, Uzbekistan (UzDaily.com) -- Two new joint ventures on production of components for cars were created in Uzbekistan in cooperation with the Korean companies. Both of them will be located in Andijan’s Bobur OJSC.

Uzavtosanoat joint stock company and Austem Co. Ltd of South Korea created a joint venture, Uzauto-austem, on production of wheel disks and chassis junctions for new models of cars, produced at GM Uzbekistan. The project cost is US$23 million. The charter capital makes up US$8.6 million. Annually, the venture will produce 800,000 wheel disks and 100,000 chassis junctions.

Avtosanoat invest LLC, Uzavtosanoat JSC, and Erае cs limited founded Uzerae climate control JV with charter capital of US$7 million. The enterprise will produce 250,000 units of radiators, air conditioner, ventilation, and heating systems a year. The project cost is US$20 million.

It is expected that both enterprises will be commissioned in 2013.

Stay up to date with the latest news
Subscribe to our telegram channel