EBRD supports growth of Auto Rubber in Uzbekistan
Uzbekistan, Oct. 30 -- The European Bank for Reconstruction and Development (EBRD) is helping to strengthen privately owned businesses in Uzbekistan by financing the expansion of a producer of automotive rubber products, Auto Rubber. The Bank is extending a loan of up to US$ 10 million (€8.8 million) to Auto Rubber, an established domestic manufacturer of automotive rubber sealing systems and other technical rubber components. The loan will finance the company's development programme, as well as the expansion and localisation of its production facilities.The project will help to transform Auto Rubber into a diversified automotive component manufacturer by financing the installation of new equipment for the manufacture of semi-finished...
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