Roodell Secures 50% State Stake in Auto Parts Manufacturer UzSungwoo
Roodell has emerged victorious in an auction to purchase a 50% state-owned stake in the joint venture UzSungwoo. During the competitive bidding process, the value of the asset surged significantly from an initial starting price of 390.5 bn soums ($32.7 mln) to a final winning bid of 585.8 bn soums ($49 mln).
The sale took place on June 1 via the E-auksion platform and concluded in approximately 34 minutes. The transaction was structured to allow payments on an instalment basis and the final auction results are currently awaiting payment clearance.
Strategic importance and strict conditions
UzSungwoo is a crucial player in the domestic automotive supply chain. The company specialises in manufacturing stamped and welded components for Chevrolet Cobalt vehicles which are assembled at UzAuto Motors facilities.
As part of the acquisition agreement, Roodell is bound by several strict terms. The new owner is legally obligated to maintain the plant’s core manufacturing profile for a minimum of ten years. Furthermore, the buyer must coordinate all major operations with Uzavtosanoat and strictly adhere to existing licensing agreements concerning the use of General Motors technologies.
Facility profile and financial performance
Prior to this privatisation deal, the enterprise’s shareholders included the State Assets Management Agency with a 50% share, alongside South Korean firms Sungwoo Hitech Co. Ltd (40%) and I-zone Co. Ltd (10%).
Located in Fergana, the expansive production complex covers 6.5 hectares. The site features an administrative headquarters and various manufacturing workshops spanning a total area of over 21,600 square metres.
The facility serves as a major regional employer with a workforce of roughly 1,000 staff members. Financially, the plant has demonstrated highly profitable operations, recording a net profit of 146.6 bn soums ($12.3 mln) as of October 1, 2025.
