Output at Uzbekistan’s UzDaewooAvto plant fell 18.5% year on year to 12,800 cars in January-February, the country’s State Statistics Committee said Monday, according to Prime-Tass.
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Output of Nexia cars decreased 8.3% to 8,609 cars Matiz volume fell 24.9% to 3,343, Damas models fell 46.4% to 1,309 and the output of Lacettis was 79 cars, the statistics office said.
The company attributed the disappointing results to modernisation of the paint line at its plant in January and February.
In 2005, the plant’s car output rose 44.2% year on year to 101,010 cars, exports rose 48.9% to 53,092 and domestic car supplies increased 32.4% to 46,127.
In 2006, the company plans to produce 142,000 cars, including 68,500 for export, while in 2008, UzDaewooAvto plans to produce 200,000 cars.
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By GlobalDataUzDaewooAvto, formerly an Uzbek-South Korean car manufacturing joint venture, is fully owned by the Uzbek association of car producers Uzavtoprom, or Uzavtosanoat.
In mid-October 2005 UzDaewooAvto extended its agreement with the General Motors on component supplies from companies in South Korea, Prime-Tass noted.
