TASHKENT, Uzbekistan, September 2. Uzbekistan’s Uzavtosanoat, in partnership with South Korea’s IOTA, has completed and launched a new automotive components plant in the Chirchik technopark, Tashkent region, Trend reports.
The state-of-the-art facility is packed to the rafters with cutting-edge South Korean production lines and testing systems. The daily capacity is a real powerhouse, cranking out up to 2,400 air conditioning system tubes and hoses, with an annual output that’s worth its weight in gold at around 110 billion soums (approximately $8.8 million). The project will fully cover the needs of UzAuto Motors for air conditioning components, reducing import dependency, lowering logistics costs, and increasing localization in the country’s automotive industry.
The plant has rolled out 120 new jobs, giving a real shot in the arm to the socio-economic landscape of Chirchik city.
The organization asserts that the initiation of this production
not only amplifies engineering acumen but also fortifies
Uzbekistan’s comprehensive industrial capacity. In the forthcoming
timeline, the organization intends to scale production capabilities
to encompass analogous components for BYD and KIA automotive
platforms.
The initiative originates from a contractual arrangement
established in April 2024 between Uzavtosanoat and IOTA concerning
the localization of automotive tube and hose manufacturing
processes. The South Korean collaborator allocated a capital
infusion of $6.1 million towards the inception of the operational
facility.
Stay up-to-date with more news on Trend News Agency's WhatsApp channel