Hyundai Factory to Emerge in Uzbekistan

During his trip to the Namangan region on May 2-3, President Shavkat Mirziyoyev noted that the province has no large production enterprises and that a project is pending to build an automobile plant.

Many did not expect this good news to come to life so quickly. Twenty days after the trip, the first steps were taken to implement the next major project in the automotive industry of our country: President of Evergreen Motors Group of the Republic of Korea Kim Chang Kyong arrived in the Namangan region to hold talks on this matter.

At the meeting with the hokim of the region Khairullo Bozorov, the sides noted that the social, economic, scientific and technical cooperation established between Uzbekistan and the Republic of Korea has seen considerable consolidation.

“The visit of President Shavkat Mirziyoyev to the Republic of Korea last November helped open a new page in the relations between the two countries,” Kim Chang Kyong said. “During the business forum that took place during the visit, the head of your state spoke with representatives of Korean companies operating in Uzbekistan, instructed Uzbek officials to solve some of the existing problems. This further strengthened the intentions of entrepreneurs cooperating with Uzbekistan. In your country, there are ample opportunities for making investments, exporting products, developing tourism. This project for the production of Hyundai cars will be one of the fruits of our long-term cooperation.”

At the presentation, which was held with the participation of representatives of corresponding spheres, information was given on the project, according to which the company will assemble trucks with a carrying capacity from 1 to 50 tons, as well as intercity, international and tourist buses, special vehicles.

At first, 8-20 vehicles a day, 1,000 units a year will be produced. Within three years, this figure will be brought to 3 thousand, that is, 2 thousand trucks and 1 thousand buses. At first the spare parts will be imported from the Republic of Korea, and then, in accordance with the localization program for three years, the production of spare parts will be gradually mastered in Namangan.

With the launch of this enterprise, about 100 new jobs will be created, and in the future it is planned to bring them up to 6,000. The delegation members visited the sites recommended for the construction of the plant and familiarized themselves with the existing conditions.

(Source: «Uzbekistan Today» newspaper)