Today, over five thousand enterprises established with participation of foreign investments, including the world famous corporations, such as“ General Motors”,“ MAN”,“ Knauf”,“ Itochu”,“ Rieter”,“ Klaas”,“ Nestle”,“ Coca-Cola”,“ Kogas”,“ Ariston”,“ CNPC”,“ Indorama”,“ Gazprom”,“ Lukoil”,“ Algie”,“ Lotte”,“ Sumitomo”,“ Korea Telecom” and others have already appreciated the competitive advantages of Uzbekistan and favorable investment climate of our country.
Automobile Industry Uzbekistan is the first state in Central Asia, which established mass production of cars and buses in short period of time. Automobile construction is high-technological industry, which promotes growth of technical and organizational level of all economy of Uzbekistan. The Joint Venture for production of automobiles originally was founded in 1996 between the Uzbek government and the South Korea-based Daewoo, and was initially known as Uz-DaewooAuto. Following the change of ownership of Daewoo to GM
EXAMPLES OF SUCCESS STORIES
Daewoo, the facility was renamed GM Uzbekistan in 2008 to continue to produce Chevrolet branded vehicles. Today, General Motors Uzbekistan CJSC produces 8 types of automobiles under Chevrolet brand, including Malibu, Captiva, Orlando, Cobalt, Spark, Matiz and others. Annual capacity is 250 000 cars. Today, the level of localization of certain models produced by GM Uzbekistan has reached 90 %.
Uzbek-made vehicles are exported to over ten countries. Over 250 dealers of Uzbek automobile industry presently operate abroad. Uzbek automobiles with modern design and high technical characteristics have won the trust of consumers and demonstrate the country’ s economic potential worldwide. Textile Industry Indorama Kokand Textile LLC( IKT) is a joint venture company established in July 2011 with a capital of $ 20 million, where Indorama has a 75 per cent stake, the National Bank for Foreign Economic Activity, a 25 per cent. The company was commissioned in Uzbekistan as part of Indorama’ s strategy to establish its presence in the emerging economies of Central Asia and to expand its global spinning business. The company has a natural advantage of sourcing competitively priced raw cotton fibre from domestic sources and adding value for shipments to its global markets. The plant is set up on a land parcel of around 17 hectares.
Uzbekistan profile | January- 2017 www. uzbekistan. be 13