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Korea’s YUIL MS intends to organize spinning equipment components production in Uzbekistan
2019-04-16 | Economics
Tashkent hosted a meeting of the leadership of Uztextileindustry Association with the South Korea’s YUIL MS Corporation representatives with participation of Uzbekistan – Korea business circles.
Established in 1984, YUL MS Corporation has specialized in designing and manufacturing plastic injection molding products for spinning machine. The corporation provide its customers with various core and spare parts optimized in Auto-Doffing System. Its major clients include Rieter Corp., Toyota Corp., Zinser Corp., Howa Corp. and others.
At the meeting, issues of further deepening economic relations were discussed. Prospects for cooperation in textile sector of the economy were considered. Foreign partners got acquainted with benefits and preferences offered in free economic zones of Uzbekistan.
There are all opportunities in Uzbekistan for further expansion of business relations with South Korean partners. The parties expressed interest in establishing long-term and mutually beneficial cooperation in the textile sector.
Following the meeting, managers of YUIL MS confirmed their readiness to establish partnerships with Uztextileindustry Association in promoting the company’s products to domestic spinning enterprises.
According to the Association, Representatives of the Korean delegation were invited to attend the second International Textile Industry Exhibition UzTextileExpo2019 to be held on September 11-13 this year.
Source: UzA
