XCMG and Uzbekistan State-owned Railway Company Signing an Agreement of Joint Venture

    On September 6, 2013, invited by Mr. E. Ganiev, the Minister of Ministry of Foreign Trade of Uzbekistan, Mr. Wang Min, Chairman of the Board of XCMG, together with Mr. Li Zong, President Assistant & General Manager of Excavator Business Unit, Mr. Gao Yunjian, General Manager of Department of Investment and Development of the Group, and other two visited Tashkent and held a discussion on the establishment of Excavator joint venture with Uzbekistan state-owned railway company. And on September 7, witnessed by Mr. R.C. Akimov, the First Deputy Prime Minister slash Minister of Finance of Uzbekistan, Chairman Wang Min and Mr. A.Z. Ramatov, Chairman of the Board of UZ Railway Company signed the establishing documents of joint venture.

    Mr. Akimov said that XCMG was a world famous engineering and machinery business, owning the most comprehensive product lines and advanced & reliable product technology and quality assurance. The cooperation of the UZ Railway Company and XCMG has the high attention of state president and full support of the government, and the joint venture will enjoy a series of preferential policies to ensure its healthy development.

    Chairman Wang said that it was an important step to establish joint venture in Uzbekistan as the globalization strategic layout for XCMG and choosing XCMG was the best decision made by UZ Railway Company after a long term of full research and analysis. He believed that with the strong support of UZ government, XCMG will build the joint venture to be the comprehensive factory serving the whole Central Asia and benefiting the locals, and will definitely make positive contributions to the mechanical industry improvement and economic construction of UZ.



Witnessed by Mr. Akimov, the First Deputy Prime Minister of UZ (the 5th from right), Chairman Wang Min and Mr. Ramatov (the 4th from right), Chairman of the Board of UZ Railway Company, are signing joint venture agreement

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