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Uzbekistan and South Korea established a joint venture Xingyu Auto Parts Factory

April 14, 2011, "Uzbekistan auto industry, " shares with South Korea, "sung woo high-tech " established "Uzbek Xingyu"joint venture with a registered capital of 200 million, Wu Han and other holdings on both sides. The joint venture will "universal Uzbekistan, " the company's production of new models mold welding accessories. Expected in August 31, 2011 before the joint venture is the basis of the principle of holding the registered capital of the company increased to $ 14,000,000. Presidential Decree of Ukraine has approved the joint venture had an area of 6.6 hectares of "Fergana Machinery Factory " hospital install the equipment.

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