NEWS AND EVENTS
April 11, 2014
Uzbekistan to create Center for production and marketing of electronic products
Uzeltekhsanoat joint stock company will create a Center for production and marketing of electronic products on the bases of unused production premises of Motor Plant.
New center will be founded with participation of the Chinese companies Midea and Changhong. It is expected that some US$25 million will be invested to the center in 2014-2017.
In the first two years, the volume of investments into reconstruction and repair of the buildings, as well as engineering facilities, will make up US$7.3 million.
In 2015-2015, Midea will organize production of refrigerators with the capacity of 300,000 units a year and Changhong will launch production of TV-sets with the capacity of 500,000 units a year.
It is planned that the Center will also create capacities on production of goods from aluminum and plastics, including components for electronics, the center for logistics of electrotechnical products and the center for servicing equipment.