weareturks.com
EN
Uzbekistan Economy TechnologyEducation

Hansae Mobility opens plant in Fergana region

Source: UzDaily ·

Hansae Mobility opens plant in Fergana region
Photo: UzDaily

South Korean automotive components maker Hansae Mobility has opened a new industrial plant in the Kuvasay branch of the Kokand Free Economic Zone in Uzbekistan's Fergana region. The project's investment totals $30 million. The launch ceremony was attended by Mirzokhid Ubaydullaev, First Deputy Hokim of the Fergana region, and Davron Khidoyatov, Deputy Chairman of JSC Uzavtosanoat.

More than 100 jobs have already been created at the plant. The workforce is planned to reach 140 by the end of 2026 and later 250. Production has begun fulfilling orders, and negotiations on new contracts are ongoing.

On the opening day, Fergana region Hokim Khayrullo Bozorov visited the plant and held talks with the Hansae Mobility delegation led by Kim Ik Hwan. The sides discussed the plant's further development under the localization programme, expanding its product range and supplies to Central Asian and European markets. The opening was described as a new stage in industrial cooperation between Uzbekistan and South Korea.

Go to the original article ↗ Read the source in English ↗Opens via Google Translate
Follow us on Telegram @weareturks_news_en

This story was automatically summarised and translated from UzDaily. All rights to the story belong to its source.

Related news

Uzbekistan
Economy

Uzbekistan and World Bank discuss attracting investment

Uzbekistan and the World Bank Group discussed prospects for economic growth, attracting private investment and creating new jobs. The talks took place on 16 October in Bangkok, where Deputy Prime Minister and Minister of Economy and Finance Jamshid Kuchkarov met World Bank Group President Ajay Banga. The meeting was held on the sidelines of the annual meetings of the International Monetary Fund and the World Bank, according to the Information Service and Communications Department of Uzbekistan's Ministry of Economy and Finance.
UzDaily
Uzbekistan
Economy

Uzbekistan and IFC discuss transport and energy projects

Uzbekistan and the International Finance Corporation (IFC) discussed cooperation in infrastructure, energy, water management and private sector development. The meeting between Deputy Prime Minister and Minister of Economy and Finance Jamshid Kuchkarov and IFC Regional Vice President for the Middle East and Central Asia Imad Fakhoury took place on 15 October 2026 in Bangkok, on the sidelines of the IMF and World Bank annual meetings.
UzDaily
Azerbaijan
Economy

Uzbekistan, AIIB explore transport, energy and water projects

Uzbekistan and the Asian Infrastructure Investment Bank (AIIB) discussed expanding cooperation on road and railway networks, logistics corridors, energy infrastructure and water systems during a meeting in Bangkok on October 15. According to a statement from the Uzbekistan Ministry of Economy and Finance, Deputy Prime Minister and Minister of Economy and Finance Jamshid Kuchkarov met AIIB President Zou Jiayi on the sidelines of the annual meetings of the International Monetary Fund and the World Bank Group.
Trend
Follow us on Telegram