Uzbekistan to launch production of LED lamps in December
22/11/2013 13:43
Uzbekistan to launch production of LED lamps in December
22/11/2013 13:43
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekenergo state joint stock company is planning to launch production of LED lamps at Angren special industrial zone in December 2013.
The press service of the company said that the joint venture was registered to implement the project “Creation of joint venture on production of LED lamps at Angren special industrial zone”. The venture will produce its first products in December 2013.
The project is implemented with participation of South Korea’s EG Lightings Co. Ltd. The Uzbek-South Korean joint venture EGL-NUR was created.
EGL-NUR has been founded by South Korea’s EG Lightings Co. Ltd and Uzbekistan’s Novo-Angren thermal power station. Share of the Korean side in the venture is 51% and the Uzbek side – 49%.
The project cost is US$1 million. EG Lightings Co. Ltd will invest US$510,000 to the project and Novo-Angren thermal power station – US$490,000.
In the first stage, the joint venture will organize assembly of LED lamps from spare parts, imported from South Korea. The enterprise, in the first stage, will produce LED street lamps. The capacity of the venture is 2,000 units ofstreet lamps a month.
In the second stage, the enterprise is planning to localize production. The company reached agreement with local companies on supply of components for localization of goods.
In the future, the joint venture will launch production of new goods in cooperation with Uzkimyosanoat state joint stock company, Uzavtosanoat joint stock company and Uzeltekhsanoat Association.
In particular, the enterprise will start production of LED lights for automobiles, houses and offices, advertisement, etc.
Angren special industrial zone was created on 13 April 2012 in line with the presidential decree in Tashkent region. The zone will function for 30 years.
During operation of the special industrial zone, special tax regime and customs preferences will be applied in its territory. Administrative council of SIZ Angren will provide status of participant of the special industrial zone.
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