Business Announcement and Updates

"Navoi" FIEZ - The joint venture "UzEraeCable", created in 2011 between SC "Uzavtosanoat" (Uzbekistan) and the company "erae cs Ltd» (Korea), is producing 140 thousand km of automobile wires per year. Total project cost is 13,2 million US dollars. The main customer of automobile wires is the JV "UzKodji" which supplies products to «GM Uzbekistan».

From October, 2012 on the basis of the joint venture "UzEraeCable", launched a new product "Battery Cable" localization, for the global model GSVEM. The «Leoni» (South Korea) company is a technical partner for the production of such products which has mastered all laboratory tests and was encouraged by GM Uzbekistan, GM Korea and GM Brazil. Until the end of 2012, it is planned to produce 9000 sets of Battery Cables for the new model of car “Cobalt”.