France to provide funds for auto glass manufacturing in Uzbekistan
Baku, Azerbaijan, Jan. 21
The French government has decided to allocate a grant to the “Fives Stein” company in the amount of $575,000 to develop a feasibility study for the construction of a new plant in the Jizzakh Region of Uzbekistan, Trend reports via Uzbek media.
The decision was made following talks held in France by the delegation of Uzbekistan headed by Azim Ahmedhajayev, deputy hokim (governor) of the Jizzakh region.
According to the visit program, a meeting was held with the management of the "Fives Stein" company, the goal of which was to speed up previously reached agreements on the construction of the plant, following the official visit of the President of Uzbekistan to France in October last year.
It is thus planned within the framework of the project to create facilities for auto glass manufacturing in the Jizzakh Region. The factory planned for construction is meant for manufacturing 600 tons of glass per day and providing more than 200 jobs, with a total amount of investments totaling more than $100 million.
Following the negotiations, an agreement was also signed on further cooperation between the hokimiyat (regional government) of the Jizzakh Region and the "Fevs Stain" company in this direction.
"Fives Stein" is one of the leading companies in the production of equipment and glass production lines, and has more than 200 years of experience at the international level. The company has 100 branches and regional offices in more than 30 countries of the world. The company has built 22 factories in countries such as Turkey, Saudi Arabia, Brazil and Russia over the past 20 years.