Russia: car output down in July 2016

Russia’s car output plunged by 19.8% YoY and by 28.3% MoM in July, the Federal State Statistics Service said in a statement. In January-July car output fell by 18% YoY to 611,000 units and bus output went down by 0.8% to 19,100 vehicles, but truck production increased by 6.2% to 70,400 units. (Prime/Business World Magazine)

Uzbekistan: KT Corp. to produce electric meters

On August 9, Vice President of business development, global business projects of the company KT Corp. Lee Baek-hee held negotiations at the Ministry of foreign economic relations, investments and trade of Uzbekistan. During the meeting, the sides discussed issues on creation of joint venture and start of production of electronic meters under the project “Implementation…

Uzbekistan: GM Asaka plant starts maintenance works

Annual planned maintenance works were started at the automobile plant of GM Uzbekistan in Asaka city (Andijan region) on August 8, the press service of the company said. GM Uzbekistan underlined that the company would carry out maintenance of main and additional technological equipment, tools, facilities and engineering-communication networks. It is also planned to carry…