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Economy 28/12/2009 Qoqonmash to invest US$1.5m to modernization in 2010-2012
Qoqonmash to invest US$1.5m to modernization in 2010-2012
Tashkent, Uzbekistan (UzDaily.com) -- Qoqonmash (Qoqand Machinery) open joint stock company, producer of automobile spare parts, will invest US$1.5 million to modernization and re-equipment in 2010-2012.

Within the project, the enterprise will modernize capacities, increase production volume, and organize production of 15 types of new spare parts and components for automobiles, as well as broaden capacity.

The project will be invested due to own resources of investors and loan of Ipoteka Bank.

In the result, Qoqonmash will increase production volume to 2.7 billion soums in 2010, 2.9 billion soums in 2011 and 3.1 billion soums in 2012.

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