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    Uzbekistan

    Chinese companies plan joint venture in Uzbekistan

    Chinese companies plan joint venture in Uzbekistan

    Several Chinese electronics and electrical appliance manufacturers have expressed keen interest in establishing production facilities in Uzbekistan. The initiative was unveiled during a working visit by representatives of the Uzbek Association for the Development of Electronics Industry, Uzeltehsanoat, who are currently engaged in negotiations with various Chinese companies.

    Photo: Several Chinese electronics and electrical appliance manufacturers have expressed keen interest in establishing production facilities in Uzbekistan.
    Source: Uzeltehsanoat
    The negotiations were set in motion at the Suzhou Industrial Park in Jiangsu Province, a hub renowned for its specialization in high-tech products. The delegation from Uzbekistan was warmly received by Lisa Chen, the deputy director for investment issues at the Suzhou Industrial Park, where discussions revolved around industry dynamics, Uzeltehsanoat's operations, state-provided incentives, and the competitive advantages offered by Uzbekistan.

    During the meeting, the Uzbek delegation proposed the establishment of a joint venture focused on the production of modern electronics. This proposal was presented to various Chinese companies, including Hangzhou Xieneng Tech, JinkoSolar, Yeestor, ZWAIN New Energy, Ucreate, and CLOU, each specializing in different segments of the electronics and electrical industry.

    The Uzbek representatives engaged in talks with Hangzhou Xieneng Tech and JinkoSolar, exploring potential collaborations. An agreement was reached with Yeestor to conduct market research on the production of hard drives and flash memory in Uzbekistan. ZWAIN New Energy expressed interest in a joint venture for energy storage device production, aiming to reduce costs in the local market. Additionally, discussions were held with Ucreate regarding the potential launch of printed circuit board manufacturing.

    Further, representatives from CLOU, a manufacturer of energy-saving equipment, expressed interest in cooperation. Both CLOU and its parent group, Midea, presented collaboration proposals.

    The Suzhou Industrial Park, established in 1994 through collaboration with Singapore, has emerged as a significant economic player with a gross domestic product of $48.4 bn. Hosting nearly 2,500 companies, including those in the medical equipment and nanomaterials sectors.

     

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    18.01.2024, 20:01   Comments (0)   1923
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