Viewing results 1 - 6 of 35
TASHKENT (TCA) — At a meeting on development of Uzbekistan’s automotive industry on July 8, President of Uzbekistan Shavkat Mirziyoyev ordered the country’s automobile manufacturing company to increase annual production from the current 250 thousand to 350 thousand cars by 2023, and to increase the export to at least 100 thousand cars per year, the official information agency Jahon reported. It was said at the meeting that over the past twenty-three years, the automotive industry of Uzbekistan has consistently developed and taken its position in the domestic and foreign markets. From October 1 this year, the benefits introduced for the industry will be canceled, and it will fully switch to the principles of a market economy. This, in turn, will require the introduction of modern management mechanisms, increasing the attractiveness and competitiveness of products manufactured by the automotive industry. In the first six months of this year, the volume of production in the Uzbek automotive industry grew by 54 percent compared to the same period last year. Products worth almost 73 million USD were exported, the share of domestically produced cars in the Uzbek market reached 97 percent. However, it was emphasized, with regard to the production localization level, the figures are disappointing. The localization level in the production of cars is 45 percent, for trucks and buses – 24 percent. Uzbekistan’s automaker JSC Uzavtosanoat has been tasked to increase the total production volume from the current 250 thousand to 350 thousand cars by 2023, as well as to increase the export to at least 100 thousand cars per year. This requires introduction of an advanced industry management system and optimization of production costs with involvement of specialists from foreign consulting companies. It was indicated that the cost of logistics for exporting a single car is 8-10 percent of its value, and therefore the tasks were defined for supporting the industry, including in the form of a partial reimbursement by the state of transportation costs for exports. The Ministry of Economy and Industry has been instructed to increase the level of production localization, in particular to launch domestic production of 22 types of currently imported components.
ALMATY, Kazakhstan (TCA) — A first-stone laying ceremony was held on April 21 in Almaty for the foundation of the future plant of Hyundai Trans Kazakhstan, the official website of the Prime Minister of Kazakhstan reported. Continue reading
DUSHANBE (TCA) — President of Tajikistan Emomali Rahmon accompanied by Mayor of Dushanbe Rustam Emomali attended a bus-assembling plant’s opening ceremony in Dushanbe on March 19, the president’s press service reported. Continue reading
TASHKENT (TCA) — Uzbekistan's car plant GM Uzbekistan has sent its first cars and components to neighboring Kazakhstan in a bid to raise export potential and gain economic growth, Xinhua news agency reported with reference to the Uzbek company. GM Uzbekistan said in a statement on March 18 that it sent the first batch of cars to Kazakhstan last Saturday without specifying any details regarding the number of the vehicles exported. The company will export parts of Ravon Nexia R3 models to be assembled at SariarkaAvtoProm plant in the city of Kostanay, Kazakhstan, according to the statement. Meanwhile, the company, which exports its products under the Ravon brand, will send ready-made R4 models to Ravon Motors Kazakhstan. The Uzbek company, which used to sell Ravon cars in Russia in the past, has said that its exports are now oriented to neighboring countries, which also include Afghanistan and Tajikistan. The Uzbek car factory was originally set up as a joint venture with South Korea's Daewoo Motors in 1996. It was renamed GM Uzbekistan in 2008 after the American General Motors automaker acquired Daewoo Motors. In 2018, Uzbekistan's state-run Uzavtosanoat acquired the shares of the General Motors to become the sole owner of the car factory. Uzbekistan, along with Kazakhstan, is the largest automobile manufacturer in Central Asia.
TASHKENT (TCA) — Uzbekistan's state-owned automotive company Uzavtosanoat on February 27 opened a new plant in the country’s Namangan region to produce bikes and motorbikes in cooperation with China's Lifan Group Co. Ltd, China’s Xinhua news agency reported. The plant, Norin moto bike, was a result of cooperation between Uzavtosanoat JSC and Lifan Group Co. Ltd, which will supply the components for the assembly of bicycles, Uzavtosanoat said in a statement. The plant, located in the Norin district of the Namangan region, is expected to produce 150,000 bikes per year at the initial stages and also plans to produce motorcycles, tricycles, scooters and mopeds in the future. The launch of the new plant has allowed the employment of more than 150 local people and in the future the number of employees may reach 500, according to the Uzbek company. The employees will also do an internship in China before starting to work at the plant. In August 2018, Uzbek President Shavkat Mirziyoyev spoke for the necessity of increasing bicycle production and popularization of bicycle use in Uzbekistan, which contributed to the creation of this Uzbek-Chinese project, Uzavtosanoat said. Uzavtosanoat is the largest automobile manufacturer in Uzbekistan. The company includes more than 85 enterprises and partners with more than 200 foreign enterprises and organizations. Today, Uzbekistan is a unique producer of total spectrum of light vehicles and commercial vehicles in Central Asia.
ASTANA (TCA) — On December 11 in Astana, Kazakhstan’s First Deputy Prime Minister Askar Mamin attended the signing of an investment agreement on sharing the capital (51%) of the largest Kazakhstani automobile manufacturer SaryarkaAvtoProm with Chinese transnational state company China National Machinery IMP & EXP CORP (a member of Genertec), the official website of the Prime Minister of Kazakhstan reported. Askar Mamin noted that this is a strategic project for the domestic automobile industry, which will increase the pace of development of the industry and export potential to enter foreign markets. The project is an important component of the Silk Road Economic Belt program and is included in the list of Kazakhstani-Chinese cooperation in the field of industrialization and investment. Genertec (China General Technology Group) is a Chinese state-owned conglomerate covering machine building, pharmaceuticals, engineering, construction and real estate, as well as technical consulting. The company's annual turnover is $31 billion. Export investment portfolio is $180 billion. China National Machinery IMP & EXP CORP is a major international designer, contractor for project management services and a service provider in the automotive industry, and is part of Genertec. As part of the development of the joint venture, the partners plan to increase production in the industry to 100,000 cars and the level of production localization up to 50%. The development of car assembly production in Kostanay (Kazakhstan) will allow creating new jobs in the automobile industry. Genertec Chairman Lu Yimin noted during the negotiations that the joint project will significantly deepen the localization of production, expand the brand portfolio and introduce the latest technology. Component suppliers will be selected on the territory of Kazakhstan and the EEU, and work will continue to ensure the quality service of automobiles to consumers. The total investment in the joint venture will be approximately $1.1 billion. Together with the Chinese partner and investor, in the framework of the development strategy of production in 2019-2021, it is planned to produce motor vehicles under the brands JAC, ANKAI, HOWO, and HANTENG.
