South Korean automotive components manufacturer Hansae Mobility has opened a new industrial facility in Uzbekistan’s Fergana Region, with an investment of $30 million.

The plant is located in the Kuvasay branch of the Kokand Free Economic Zone and is expected to strengthen Uzbekistan’s automotive industry while deepening economic ties between Uzbekistan and South Korea, UzDaily reports.

The opening ceremony was attended by Fergana Region First Deputy Governor Mirzohid Ubaydullayev, Hansae Mobility Vice Chairman Kim Ik-hwan, Hansae Mobility Turan Executive Director Jeong Dae-won, Uzavtosanoat Deputy Chairman Davron Khidoyatov, and representatives of relevant industries from both countries.

Participants discussed the project’s role in regional industrial development and attracting foreign investment. Company representatives thanked regional authorities for supporting the investment initiative.

The facility has already created more than 100 jobs. The workforce is expected to reach 140 by the end of 2026 and eventually grow to 250 employees.

Production is underway, with the plant already fulfilling orders while negotiations continue for additional contracts.

Hansae Mobility plans to expand its production and service capacity, strengthen cooperation with local suppliers, and increase the share of locally produced automotive components.