Uzavtosanoat joint stock company and Austem Co. Ltd of South Korea created a joint venture, Uzauto-austem, on production of wheel disks and chassis junctions for new models of cars, produced at GM Uzbekistan. The project cost is US$23 million. The charter capital makes up US$8.6 million. Annually, the venture will produce 800,000 wheel disks and 100,000 chassis junctions.
Avtosanoat invest LLC, Uzavtosanoat JSC, and Erае cs limited founded Uzerae climate control JV with charter capital of US$7 million. The enterprise will produce 250,000 units of radiators, air conditioner, ventilation, and heating systems a year. The project cost is US$20 million.
It is expected that both enterprises will be commissioned in 2013.