S. Korean commercial vehicle plant to be constructed in Uzbek region
BAKU, Azerbaijan, Sept. 23
By Klavdiya Romakayeva - Trend:
A plant for the production of Hyundai commercial vehicles will be constructed on the territory of the Namangan free economic zone in Uzbekistan, Trend reports referring to Dunyo information agency.
In Namangan, a meeting was held between the First Deputy Chairman of the Korean-Uzbek Business Association under the Ministry of Trade, Industry, and Energy of the Republic of Korea Kim Chang Keon and the governor of the region Khairullo Bozarov.
The negotiations were also attended by the Executive Vice President for Automotive Business of Evergreen Motors, Head of the Hyundai Motors UZ Namangan Joint Venture, the representative office of the Korean-Uzbek Business Association in Uzbekistan, as well as responsible employees of the region's administration.
During the meeting, the parties discussed and reached agreements on further practical stages of the project for the construction of a plant for the production of Hyundai commercial vehicles on the territory of the Namangan free economic zone.
It was noted that the project is scheduled to begin by the end of October 2020 as the South Korean company Hyundai Motors decides the technical parameters of the investment project.
Also, a visit was made to the territory allocated for the automobile plant in the Namangan free economic zone to get acquainted with the plans for the construction of the facility.
In addition, parties exchanged views on promising joint projects aimed at localizing parts and components for commercial vehicles, including with the involvement of member companies of the Korean-Uzbek Business Association.
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