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NEWS

Uzbekistan launches new production of home appliances

www.timesca.com
17 April 2015

Uzbekistan’s electro-technical joint stock company Uzeltechsanoat will start production of electrical home appliances of Japan’s Shivaki and China’s Midea brands at the Motor Plant in Tashkent, Novosti Uzbekistana (http://nuz.uz) reported.  

The investment projects worth a total of $13.7 million have been included in Uzbekistan’s state program of production modernization and diversification for the period between 2015 and 2019.  

The projects are expected to launch in 2016 the production of up to 300 thousand refrigerators and up to 250 thousand gas and gas-electric stoves per year.   

This year the Motor Plant also plans to organize a logistics center of electro-technical products with a handling capacity of 200 thousand tons a year.  

According to Uzeltechsanoat, Uzbekistan’s producers currently meet only 7 percent of the domestic need for home appliances. The government has tasked the domestic electro-technical industry to increase the figure up to 50-60 percent in five years.  

In April 2014 the president of Uzbekistan approved the program to develop the electro-technical industry in 2014-2018, which will implement 24 projects to build new and modernize existing productions of home appliances. As part of the program, during the next five years Uzbekistan will increase the production of TV sets 4.6-fold (up to 635 thousand), mobile phones 3.9-fold (up to a million), and refrigerators 2.5-fold (up to 600 thousand).       

In general, Uzbekistan’s electro-technical industry will spend more than $153 million for building new productions of home appliances by 2019.