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The American-Uzbekistan Chamber of Commerce (AUCC) seeks to promote trade and investment ties, cultural exchanges and bonds of friendship between the United States of America and the Republic of Uzbekistan. In performing these functions, the AUCC places primary emphasis on serving the needs and interests of its members.
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Uzavtosanoat to utilize investments for US$257.6m in 2012
http://uzdaily.com of 2/1/2012 - Uzavtosanoat joint stock company, which unites enterprises of automobile industry of Uzbekistan, is planning to utilize investments for US$257.6 million in 2012.
It is expected that US$192.8 million of total investments will be own resources of Uzavtosanoat, US$19.4 million - foreign investment and US$45.5 million - loans of local banks.
In particular, it is planned to utilize US$136 million within the project on launch of serial production of Chevrolet Cobalt sedan at GM Uzbekistan.
Uzavtosanoat will invest some US$70 million to projects on production of components and spare parts for Chevrolet Cobalt at the existing enterprises.
Man Auto-Uzbekistan, an Uzbek-German joint venture, will launch new capacities on production of commercial vehicles at Samarkand region.
The first stage of the project envisages production of 3,000 trucks and chassis of MAN a year. The project cost is US$30 million.
UzSungwoo will launch production of stamped/welded automobile parts with the cost of US$47.8 million. The designed capacity of the plant is 120,000 sets a year. The venture was founded by Uzavtosanoat and South Korean Sungwoo Hitech Company on an equal footing.
Uzauto-austem JV will start production of wheel disks and chassis junctions for new models of GM Uzbekistan with the cost of US$31 million in Andijan. Annually, the venture will produce 900,000 wheel disks and 123,000 chassis junctions.
Uzavtosanoat will also direct US$42.9 million to expansion of production at the existing enterprises on production of components and spare parts.
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