The EBRD allocated $10 million to a manufacturer of rubber products for Uzbekistan's automotive industry

The European Bank for Reconstruction and Development (EBRD) approved a loan of 10 million dollars to the Uzbek rubber products company Auto Rubber LLC. "The project aims to support the growth and localization of automotive component production in Uzbekistan, strengthen the production capacity of the private sector and contribute to the development of regional automotive supply chains and export potential, which will ultimately contribute to the country's overall economic development," a statement on its website said.