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President Bakiev attends opening ceremony of tractor assembly Kyrgyz-Chinese JV.

President Kurmanbek Bakiev today attended the official opening ceremony of tractor assembly Kyrgyz-Chinese joint venture Ak Jol ITO, reported president's press office. This joint venture was established in the result of agreement reached with Chinese President Hu Jintao in August 2007. The state-owned enterprise Kyrgyzresources and YTO International LTD are co-founders of the JV.The joint venture is due to produce no less than 1,000 tractors per annum and to manufacture other agricultural machinery at applications submitted by agrcitultural producers. The joint venture will produce up to 3,000 tractors for export. All spare parts and aggregates will be brought from China.

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Publication:AKIpress News Agency
Date:Jun 17, 2008
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