As earlier reported, on 4 September 2009, Hakan Samuelsson, Chairman of the Executive Board of MAN SE, and Ulugbek Rozukulov, Deputy Prime Minister and Chairman of the Supervisory Board of UzAvtosanoat, signed the agreements on founding the joint venture company "JV MAN AUTO-Uzbekistan" in Tashkent, Uzbekistan.
MAN Nutzfahrzeuge holds 49% of shares in the joint venture, while UzAvtosanoat holds 51% and thus bears responsibility for management of the new company.
The joint venture will import components for heavy trucks from the MAN TGA and CLA ranges from Germany and India respectively into Uzbekistan, where they will be assembled. Production of 500 to 1,000 vehicles per year is planned. The trucks will be sold and serviced via a network of independent dealers.