Currency rates from 27/09/2024
$1 – 12736.48
UZS – -0.17%
€1 – 14193.53
UZS – -0.52%
₽1 – 137.60
UZS – -0.33%
Search
Economy 07/09/2009 JV MAN AUTO-Uzbekistan produces first truck
JV MAN AUTO-Uzbekistan produces first truck
Tashkent, Uzbekistan (UzDaily.com) -- JV MAN AUTO-Uzbekistan, an Uzbek-German joint venture, produced its first truck on 4 September 2009 at the capacities of Samarkand Automobile Plant (SamAuto).

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.

Stay up to date with the latest news
Subscribe to our telegram channel