Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan will set up Caris Transyo‘lqurilish joint venture for the production of plastic fences and other products made from PVC resin, as well as construction and installation works.

The Road Committee under the Ministry of Transport of the Republic of Uzbekistan, Transyulkurilish and Caris Co., Ltd (South Korea) signed an agreement on further development of cooperation.

The founders of the joint venture are Transyulkurilish and Caris Co., Ltd.

The authorized capital of Caris Transyo‘lqurilish will be US$43.75 million. The share of Caris Co., Ltd. in the amount of 80 percent is formed from cash, equipment and other property.

The share of Transyulkurilish in the amount of 20 percent is formed at the expense of cash and the cost of evaluation for the right to use.