GM Uzbekistan transfers Damas car assembly in Khorezm region

Tashkent, Uzbekistan, March 18

By Demir Azizov- Trend:

GM Uzbekistan joint venture transferred assembly production of Damas cars from major areas of the plant in Andijan to the Khorezm region, a source in government circles told Trend March 18.

The assembly production of Damas cars has started at the base of the Khorezm Automobile Production Association, according to the source. Project production capacity is 40,000 cars a year.

Uzbekistan started the project on the organizing of Damas car production in the Khorezm region in 2013.

Within the first phase, in the first quarter of 2014 it is planned to start the assembly of Damas cars. At the second stage in the fourth quarter of 2014, the company plans to transfer to a full production cycle with the release of most of the components for this model.

The project on the organizing the Damas car production in the Khorezm region will cost $55.54 million compared to the previously planned $ 49 million.

Furthermore, the investment in five projects on the localization of Damas cars will make up $ 8.27 million in 2014. In particular, it is planned to organize the production of seats, plastic parts, bumpers, instrument panels and stamped parts.

The project is financed at the expense of AK Uzavtoprom with its own funds combining the enterprises of the Uzbekistan automotive industry.

It is expected that the freed automobile production area of GM Uzbekistan which is located in the Andijan region, will be used for the production of new models.

More than two years ago, Uzavtosanoat transferred the car production on SDK technology from the Andijan region to some premises of the Tashkent Aviation Production Association named after V. P. Chkalov, where Captiva and Malibu cars are assembled.

The production of Chevrolet Orlando in accordance with SKD technology on the premises of Khorazm Automobile Production Association in the Khorezm region started in March.

Uzavtoprom and General Motors signed an agreement to create the GM Uzbekistan joint venture based on the previous UzDaewooAuto plant in October 2007. GM has a 25 percent stake plus one share in the company with an option to increase its stake to 40 percent. Some 75 percent of the shares belong to Uzavtoprom JSC.

Currently, GM Uzbekistan JV produces nine models of cars. Two models of Chevrolet - Captiva and Malibu are produced on SKD technology and the rest - in the framework of full-scale production.

In 2013, "GM Uzbekistan" increased production by 4.5 percent compared with 2012 - up to 246,031 units.

Translated by S.I.
Edited by C.N.

Palestinian teen killed by Israeli forces in protest
Palestinian teen killed by Israeli forces in protest
Bank of Israel intervenes in foreign exchange market
Bank of Israel intervenes in foreign exchange market
Israel expects $220 million in non-defence trade with Bahrain in 2021
Israel expects $220 million in non-defence trade with Bahrain in 2021
Loading Bars
Latest
Remittance inflows from Azerbaijan to Georgia up
Iranian Energy Exchange announces products to be on sale on December 6
Azerbaijani, Russian FMs discuss 10 November statement for ceasefire in Karabakh
Children's becoming victims of war crimes is unacceptable - UNICEF
French photographer talks trip to Azerbaijani Kalbajar liberated from Armenian occupation (PHOTO/VIDEO)
Plan & Budget Organization reveals volume of oil to be sold by Iran next year
Armenian opposition demand Pashinyan's resignation before December 8
Kyrgyzstan allows entry of foreigners and stateless persons
Rouhani calls for broadening Iran-Thailand ties
US gov’t donates 26,000 PCR testing kits to Georgia
Effectiveness of Turkish-made weapons was proven during Karabakh hostilities - Turkish Defense Minister
5.3-magnitude quake hits 49 km SW of Gazipasa, Turkey
PM Johnson and EU chief seek to break Brexit impasse
Azerbaijan teaches a lesson how Nations are built to fight against enemies
U.S. sets record of 227,885 COVID-19 cases in one day: Johns Hopkins University
Azerbaijan names day of holding military parade on victory in Patriotic War (PHOTO/VIDEO)
Today flags with star and crescent embellishing Karabakh sky - Turkey's president
Bahar Azadi gold coin price continues to fall
BTK railway project plays important role for logistics dev't in Georgia
Uzbekneftegaz to buy casing pipes via tender
Demand for Turkish steel on Iran's construction market down
Azerbaijan extends COVID-19-related quarantine in some cities, districts
Azerbaijan confirms 4,323 new COVID-19 cases, 2,180 recoveries
Largest volume of metallurgical products falls on Uzbekistan’s Navoi region
Death toll from COVID-19 pandemic in Iran exceeds 50,000
Value of Iranian mining companies increases
Iran talks expenses on construction in Kohgiluyeh & Boyer-Ahmad Province
Preacher appointed to Khudavang monastery in Azerbaijan's Kalbajar
Azerbaijan presents first locally manufactured high-tech prostheses (PHOTO)
Azerenergy issues time framing to restore power plants in liberated Sugovushan (VIDEO)
Georgia reports new record-high 5,450 coronavirus cases
Russia, Kazakhstan reach agreements on anti-COVID vaccine production
Volume of trade turnover in Turkmenistan increases
Uzbekistan reveals its COVID-19 data for December 5
Armenians destroyed all historical, religious items in churches of Azerbaijan - Albano-Udi Orthodox community
Albanian-Udi Christian Community returns to Khudavang monastery in Kalbajar (VIDEO)
Oil market still to see some bumpy months
Indicators of Turkmenistan’s construction, industrial sector increase
Azerbaijani oil prices continue to rise
Azerbaijan reduces imports of Turkish-made carpets
Iran announces date for launch of Ardabil-Mianeh railway
Azerbaijan gives martyr status to civilians killed due to Armenia's attacks on peaceful cities
Azerbaijani Bar Association appeals to int'l organizations regarding Armenian aggression
UK Maritime Trade Operations says aware of attack on vessel off Yemen coast
Number of enterprises put into operation in Iran's Kermanshah Province soars
Special offer for volunteers!
Iran discloses details of exports from Fars Province
Baku - leading capital of CIS in terms of economic activity index - Gazprombank
Data of Turkmen transport, communication sector revealed
Azerbaijani banking sector's overall profit drops
Turkmenistan exceeds plan for oil and gas condensate production
Iranian currency rates for December 5
Loan portfolio of trade, services sector in Azerbaijan grows
Кazakhstan Electricity Grid Operating Company opens tender for vehicle maintenance
Foreign investment in Iran increases
GDP growth observed in Turkmenistan
LNG share in Turkey’s natural gas imports reaches 43% in H1 this year
U.S. not extending TikTok divestiture deadline, but talks will continue
ADB allocates $2.5 mln to support Georgia amid pandemic
Italy's retail sales climb higher in October, pushed by demand for electronic equipment
4 regions in coronavirus red zone in Kazakhstan
Iran's UNESCO envoy urges condemnation of assassination of Iranian scientist
France's daily COVID-19 infections continue to fall
Embassy of Japan in Georgia reveals volume of trade turnover between two countries
Arab League welcomes Kuwait's efforts to "heal Arab rifts"
World Bank grants Morocco 400-mln-USD loan
Azerbaijan slows down imports of Turkish-made leather goods
Additional costs could add up to 2.8 billion dollars, Tokyo 2020 says
Trump to withdraw most troops from Somalia as part of global pullback
UK, EU call in leaders to save trade talks
Palestinian teen killed by Israeli forces in protest
Azerbaijan discloses volume of liabilities in banking sector
Heydar Aliyev Center, Flame Towers and Baku Olympic Stadium illuminated with Azerbaijani flag (PHOTO)
NY Times publishes article on the fate of Ciraqli village during Karabakh conflict
South Africa's second largest crude refinery shutdown after blast
1st China-bound freight train departs on 12-day journey from Istanbul
Chip shortages could slow automotive production, VW and suppliers say
Russia, India kick off joint naval drills in Indian Ocean
NCDC to study COVID-19 reinfection cases
Turkey reports over 32,736 new COVID-19 cases
Azerbaijan unveils funds value received by Armed Forces Relief Fund as of December 1
Kazakhstan, Russia agree on measure to restore ecosystem of transboundary rivers
Iran reveals its COVID-19 data for December 4
Kazakhstan's coal extracting venture to buy spares via tender
French activists protest against Amazon's expansion
Azerbaijani, Bulgarian FMs discuss bilateral cooperation
Azerbaijani public reveres memory of martyrs of Karabakh conflict (PHOTO)
Electricity Market Concept Design defines gradual retail market opening in Georgia
Import of rice by Azerbaijan up
Baku Metro opens tender to buy tire connections
French parliament loses ability to be serious partner – Turkish Grand National Assembly
Investments in Georgian Poti Free Industrial Zone diversified by regional countries
Iran's next years budget unlikely to improve economy - Head of Parliament Plan and Budget Commission
Azerbaijan raises value of imports from Lithuania in 10M2020
Big foreign IT companies entering Georgia's market
Azerbaijan's Compulsory Insurance Bureau compensating bankrupted insurer's creditors
Georgia sees increase in tangerines export
Azerbaijan shows video footage from Yanshag village of Kalbajar district (VIDEO)
EDB, KazakhExport to jointly insure exports of insulated cars from Kazakhstan
Georgian Chamber of Commerce working on several projects to help SMEs
All news