New factory in the industrial free zone of Jizzakh in Uzbekistan
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Exclusive license for the production of VUL1 in Uzbekistan with a production capacity of up to 16 000 vehicles per year for the local market and the export from 2019
Project based on a platform and technologies of the PSA Group and the supplier network SC Uzavtosanoat
The PSA Group, and SC Uzavtosanoat have decided to create a joint venture, owned in equal parts – Uzbekistan.PCA. This partnership aims to build a production plant in the industrial free zone of Jizzakh, which is located 200 km from Tashkent, in Uzbekistan, in order to produce VUL Peugeot and Citroën, both in the form of personal vehicles for the transport of goods. The capital of the new joint venture is approximately € 30 million, subscribed equally by the two partners. The total investment amounts to 130 million euros.
PSA group will bring in the new technologies, intellectual property, will participate to the implementation of a process of modern production and to the training of employees. The plant will apply modern systems of the Group in terms of production, quality, purchasing, supply and sales. The joint venture also provides that at least 50% of parts be locally produced in the first year of production, attracting local manufacturers of components – 30 large plants owned by SC Uzavtosanoat and more than 160 small and medium-sized enterprises.
The production capacity is planned to reach up to 16 000 vehicles per year and the vehicles will be sold in Uzbekistan or exported to foreign countries.
With a population of over 32 million inhabitants, Uzbekistan has a huge potential of development in the field of industrial production and growth in the automotive market.
“This segment of the VUL1 is the only automotive segment that was not represented in Uzbekistan” – said Mr. Yusupov Rustam, Vice-chairman of SC Uzavtosanoat ” This project constitutes a qualitative step forward is significant in the development of the automotive sector national. And, more generally, with the growth of jobs, the joint venture will have a positive impact on the profitable growth of the automotive sector of the country. ”
Christophe Bergerand, executive Vice-President of the PSA Group Eurasia, said : “This project fits fully within the framework of our plan, “Push to Pass”, and it is a great opportunity for the PSA Group, to develop our activity in the VUL and our plan of profitable growth in the region. We appreciate the constructive dialogue we have established with teams in uzbekistan, and the personal support of the President of Uzbekistan Shavkat Mirziyoev, who has been instrumental in the creation of the joint venture “.
1 light-duty Vehicles.
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