Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

AvtoVaz to open production in Kazakhstan
22.09.2012 11:49
AvtoVaz to open production in Kazakhstan
Lada Granta

 AvtoVaz, Russia’s largest automaker and a Kazakh Asia Avto have signed a memorandum on building a plant in Kazakhstan, which will produce Russian cars, says the official press release. The agreement on building the plant in Ust- Kamenogorsk was reached in the end of 2011.


      

The plant will focus on production of Lada Granta and a renewed Kalina. Output from the new Kazakh plant is expected to be sold in the markets of Middle Asia, Siberia and the Far East region of Russia.


      

The first stage of production, around 60,000 cars per year, is expected to be launched in 2014. In the second phase the volume of production will be increased up to 120,000 cars.


      

The sum of investments into the project will amount $ 400 million. According to AvtoVaz, its share in the Kazakh car market is 37 %. 




Author: Irina Fomina

Tags: Russian business Car production in Russia AvtoVAZ Russian car producers  

Next Previous


You might also find interesting:

More than a Third of Russian Companies from Various Industries can Become Bankrupt
16.05.2020
Russia will Introduce Tax Holidays for a Number of Industries
20.03.2020
AliExpress Russia is Going to Support Folk Crafts
12.10.2020
Moscow will Subsidize Art Galleries and Business in the Field of Education
13.08.2020
The State Duma Adopted a Law on Foreign Agents
24.12.2020



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share


TAGS:
Russian space exploration  Russian Music Instruments  Belogorsk  Saint Petersburg  Russian circus  Russian Cinema  Switzerland  scientists  NDouassel  Kabardino-Balkaria  VTB Group  poll  travel to Russia  Stanislav Govorukhin  Alexander Garden  Nenets Cuisine  Russian School  Film Festivals  Sculpture  Applied and Folk Arts  Active Citizen  flood  Russian business  mobile slavery  Mercedes-Benz Fashion Week Russia  Russian tourism  Old Moscow  Festivals in Moscow  science units  society  Chelyabinsk Region  Aquarium  Refugees  Moscow Zoo  Exhibitions in Moscow  Moscow  Russian courts  Russian Railways  Events in Moscow  Science  Russian regions  Russian customs  Festivals  Leo Tolstoy  Sergey Alimov  Andrei Stolyarov  Russian Arts and Crafts  Russian Winter 2013  Aquarium Band  St. Petersburg 


Travel Blogs
Top Traveling Sites