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Economy 13/05/2009 ERAE CS Ltd plans to launch two enterprises
ERAE CS Ltd plans to launch two enterprises
Tashkent, Uzbekistan (UzDaily.com) -- South Korea’s ERAE CS Ltd plans to launch production of car components in Uzbekistan with total sum of US$32 million in 2009.

The Korean firm will launch enterprise with production of car wires with the capacity of 130,000 km per year with the cost of US$13 million. The second plant will produce generators and its capacity will be 360,000 per year and its cost is US$19 million.

The construction of plants will start in the second half of 2009. The plans will be located at Navoi free industrial and economic zone. ERAE CS will finance due to own funds and credits, attracted by Korean investors.

The main part of the product will be directed to GM Uzbekistan, an Uzbek-US carmaker.

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