Con­struc­tion Works Kick off at Hyundai Fac­tory

Hyundai au­to­mo­bile plant to emerge in the Na­man­gan re­gion has been given the green light for con­struc­tion works.

Uzbekistan Today (English) - - REGIONS -

The cer­e­mony of sign­ing an in­vest­ment agree­ment for the project im­ple­men­ta­tion took place re­cently in the re­gional hokimiyat. The Na­man­gan re­gion hokim H. Bo­zorov signed the con­tract on be­half of Uzbek­istan, Hyundai Mo­tor’s pres­i­dent for trucks Lee Ying Chaeol, vice pres­i­dent of auto di­vi­sion of Posco-Dae­woo Cor­po­ra­tion Hoon Se­ung Lee and pres­i­dent and CEO of Ever­green Mo­tors Group Kim ChangKeon inked the doc­u­ment on be­half of the Repub­lic of Korea.

Fol­low­ing the oc­ca­sion, a cer­e­mony took place in Tu­rakur­gan district to lay the first stone of the Hyundai com­mer­cial ve­hi­cle plant. Along with a del­e­ga­tion from South Korea, busi­ness­peo­ple from part­ner coun­tries such as Malaysia, In­done­sia, China and Thai­land were also in­vited to the event.

“There are 17 joint and for­eign en­ter­prises in the re­gion es­tab­lished with South Korean in­vest­ments, which in­di­cates a high devel­op­ment of bi­lat­eral co­op­er­a­tion,” said H. Bo­zorov, gover­nor of Na­man­gan re­gion. “The con­struc­tion of the new plant Hyundai-Na­man­gan KD has be­come one of the most im­por­tant steps in the his­tory of the na­tional au­to­mo­tive in­dus­try. As a sig­nif­i­cant project in the so­cio-eco­nomic life of the re­gion, it will con­trib­ute to the growth in the well-be­ing of our peo­ple, the pros­per­ity of the coun­try.”

“Uzbek­istan is one of re­li­able part­ners con­sis­tently en­hanc­ing all­round ties with South Korea,” says Lee Ying Chaeol, pres­i­dent for trucks pro­duc­tion at Hyundai Mo­tor. “We be­lieve that next year we will see the first re­sults of the en­ter­prise we have con­ceived to­day.”

This plant, to be built un­der the co­op­er­a­tion of sev­eral South Korean com­pa­nies, will be­gin pro­duc­tion in Septem­ber 2019. First, 400 small trucks, minibuses and buses will come from the plant a year. Grad­u­ally, this fig­ure is pro­jected to reach 3,000 units. Based on the lo­cal­iza­tion pro­gram, the com­pany in­tends to pro­duce 50% of spare parts in our coun­try. With the com­mis­sion­ing of the plant at full ca­pac­ity, more than 1 thou­sand jobs will be cre­ated.

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