Uzavtosanoat, France’s Groupe PSA create JV to produce light commercial vehicles in Uzbekistan
- Written by TCA
TASHKENT (TCA) — French car manufacturer Groupe PSA and Uzbekistan’s state automobile company Uzavtosanoat have decided to jointly create an equally owned Joint Venture — Uzbekistan PCA, the companies said on May 16. This partnership aims at building a production plant in the Free Industrial Zone of Jizzakh, located 200 km from Tashkent, in Uzbekistan, to produce Peugeot and Citroën LCVs, for passenger and freight carriage. The Charter capital of the new JV will represent around 30 million euro, with equal shareholding. Global investments represent around 130 million euros.