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