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Economy 08/07/2009 South Korean firm to create JV on vehicle compressors production
South Korean firm to create JV on vehicle compressors production
Tashkent, Uzbekistan (UzDaily.com) -- Kingtek (South Korea) announced its intent to create joint venture in Uzbekistan on production of compressors for vehicle air-conditioners.

Sang Gi Pak, president of Kingtek, said Uzbekistan now imports air-conditioners and it is profitable, the company will carry out this direction. He added that the South Korean company will continue to expand investments to the country.

Number of enterprises with the Korean capital in Uzbekistan made up 351 as of April 2009, including 57 enterprises with 100% Korean investments. They work in trade, light, chemical, food, machinery, metal processing, healthcare, tourism and service industries.

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