Home / Knowledge / News / Textiles / South Korean firm to mechanize Uzbek cotton production
South Korean firm to mechanize Uzbek cotton production
24
Dec '13
LS Mtron Ltd., a South Korean company supplying tractors in over 40 countries, has signed an agreement with the Government of Uzbekistan to supply 24,570 specialized mini tractors for harvesting cotton over the next five years.
 
According to the agreement signed by LS Mtron and the Uzbek national enterprise Agromash Sanoat Invest LLC, the Korean firm will provide tractors worth US$ 500 million during 2014-18.
 
In addition to supplying tractors of six different models, the Korean company will also share manufacturing technologies in order to allow the Uzbek state-run agricultural machinery company to localize parts production for the tractors, the company said.
 
The agreement is in accordance with the previously announced plan of the Uzbek Government to mechanize cotton harvesting in the country. Uzbek authorities plan to mechanically harvest around 80-90 percent of cotton by 2016.
 
Since it embarked on the tractor business in 1977, LS Mtron has grown continually to become No. 1 in Korea in terms of tractor sales by 2012. The company opened a factory in China as well as a major sales office in the US last year, and a factory in Brazil this year.
 
Over the last few years, the Uzbek Government has been constantly criticized by the international community and various human rights organizations for forcing millions of ordinary citizens to work in cotton fields, including school-age children and students of colleges and universities. As a result, several Western companies have boycotted using Uzbek cotton.
 
This year, Uzbekistan has produced over 3.35 million tons of raw cotton, and processed cotton production is expected to be around 1.1 million tons, nearly the same quantity it produced last year, according to the Uzbek Cotton Industry Association (Uzkhlopkoprom).
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search