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333831
Mon, 06/30/2014 - 14:54
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Uzbekistan establishes joint venture on production of engine compartment equipment

Tashkent, Uzbekistan, June 25 By Demir Azizov- Trend: "Uzavtosanoat" Joint Stock Company ("Uzavtoprom" JSC) and the Italian Landi Renzo S.p.A. established the Avtosanoat - Landi Renzo joint venture on the production of gas fuel systems for cars. The new enterprise will work in the territory of the Navoi Free Industrial Economic Zone (FIEZ). The projected capacity of the enterprise will make up 25,000 sets of equipment per year. It is assumed that at the first stage of the project on the organization of production engine compartment equipment to transfer automobiles to consumption of natural gas systems will be assembled from components supplied from Italy. Later, the localization of production will be considered. The cost of the project in the first phase will be $1.8 million. In 2013, Uzbek-Korean joint venture Ko-UNG Cylinder has put into operation a plant for the production of gas cylinder equipment for vehicles designed capacity of 120,000 units per year. Uzbekistan has adopted a program on phased transfer of automobile transport to natural gas. At present, over 300,000 or about 10 percent of vehicles work on natural gas. It is planned to transfer about 30 percent of the total number of vehicles to natural gas by 2016. Landi Renzo is one of the world leaders in the production of components and systems for use of liquefied petroleum gas and methane as an alternative fuel for vehicles. Edited by CN Follow us on Twitter @TRENDNewsAgency

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