Uzbek automotive industry planning to create casting facility by 2015
Uzbekistan, Tashkent, Dec. 5 / Trend D.Azizov /
Uzavtosanoat joint stock company (Uzavtoprom JSC), combining the automotive industry facilities of Uzbekistan, plans to establish a casting facility for automotive components worth $80 million in 2015, a source in the government circles told Trend on Wednesday.
According to the agency's interlocutor, the project envisages construction of casting facility for production of cast engine blocks and other cast iron pieces for automobile engines. The estimated capacity of facility is 25.000 tons per year.
The facility is planned to be placed in the Angren Special Industrial Zone (SIZ) in Tashkent region.
The funding of facility is planned through Uzavtoprom equity. The project is included in the investment program of the company for 2013. Its implementation period is two years.
The project is implemented within the localization of the joint venture GM Powertrain Uzbekistan, created in 2008 by Uzavtosanoat JSC (48 percent of the authorized capital) and the General Motors corporation (52 percent).
Previously it was reported that GM Powertrain Uzbekistan commissioned an engine plant worth $521.8 million in Tashkent last November. The planned capacity of the plant is 225.000 engines per year with a capacity of 1.2 and 1.5 liters.
GM Uzbekistan currently produces eight car models including two Chevrolet - Captiva and Malibu according to SKD technology. The other cars are produced within a full scale production.
In 2011 the automobile plant increased production by 2.1 per cent, up to 221.445, in comparison with 2010.