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 %. 


Sources: http://www.lada-auto.ru http://ru.reuters.com 

Author: Irina Fomina

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

Next Previous


You might also find interesting:

New Refinancing Campaign for Consumer Loans Launched
14.05.2018
Sberbank - the Best Bank of the Year
14.05.2018
242 New Maserati Cars Sold In Russia
31.08.2017
Manturov Speaks On Exchange Rates
30.06.2017
Sberbank Issued 10 Million MIR Cards
15.09.2017







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Flowers Delivery

search on the map
TAGS:
Russian space exploration  Sergey Antipov  Exhibitions in Moscow  music  Archeology  Alexey Uchitel  Inta  Russian tourism  Seliger  contemporary art  Danny DeVito  Russian Cinema  Russian Traditions  Moscow World Fine Art Fair   Laboratory Animals  Petroglyphs  Mercedes-Benz Fashion Week Russia  Russian airlines  Installations  Art Exhibitions  Russian transport  Enem  Russian tourists  Golden Mask  Tragedy  Eleazar Langman  Republic of Buryatia  mode of life  education  Polyus Gold  Sculpture  anti-corruption campaign  Russian business  Far East  Russian Literature  Painting  Moscow  Victor Borisov-Musatov  Polina Dashkova  Russian history  Victor Golyavkin  Russian Actresses  sports show  Russian customs  Spektr-R  Arctic  Monumental Art  obituary  Romanovs  plant physiology 


Travel Blogs
Top Traveling Sites