Hyundai-Namangan KD construction has kicked off

According to the report by “Xalk suzi-Online”, construction of Hyundai-Namangan KD automobile plant has begun in Turakurgan district of Namangan region.

The head of state announced about the construction of Hyundai automobile plant in the region during his visit to Namangan on May 2-3 of this year.

On Saturday, a solemn ceremony of placing foundation stone of the enterprise was held. The event was attended by foreign founders of Hyundai-Namangan KD, an expanded group of Korean entrepreneurs, investors from Malaysia, Indonesia, China and Thailand and Namangan regional khokimiyat, as well as representatives of public and the media.

At the event, construction of the enterprise was put into operation. 

The plant will be built in cooperation with the Korean Hyundai Motor, Evergreen Motors and Posco Daewoo Company. The first product will be launched in September 2019. According to the project, it is planned to start production of 400 small trucks, minibuses and buses yearly. It will be increased up to 2500 units step by step. With the launch of the plant, 150 people will own jobs, later on, more than a thousand workers will be employed. It is planned to produce locally 50% of the components of the initial production.