New JV on car components production launched in Uzbekistan

UzA reported that Uz Auto-Austem was formed within the localization programme. The venture will produce wheel disks and chassis junctions for locally-made cars Spark, Lacetti and Cobalt.

The founders of the joint venture are Uzavtosanoat join stock company and South Korea’s Austem Сo. Ltd.

The project cost is US$31.1 million. The enterprise can produce over 1 million wheel disks and 125,000 chassis a year.