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:

Chinese Haval SUV Will Produce Its Cars in Tula Region
07.04.2016
Russian Companies Took Part In Lisbon Exhibition
08.07.2016
IKEA Plans to Invest 23 Billion Rubles In the Leningrad Region
25.11.2016
Mercedes-Benz Became a Leader Of Russian Premium Market
31.01.2017
Bosco di Ciliegi Will Produce Sausages
17.10.2016



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
TAGS:
Seizure of Lands  National Library of Russia  Moscow  Charity  Silver Gate  geography  Aeroexpress  Vauxhall Center  Nizhny Novgorod  Russian history  Romanovs  Painting  Queen of Vases  Russian business  European Bank for Reconstruction and Development  Sochi 2014  Syria  Moscow hotels  Chukotka  Apocalypse 2012  Russian Literature  Books  ethno village  Russian schools  Sberbank  tax reform  Moscow taxi  Christmas  Russian cities attractions  Exhibitions in Moscow  tourism  Russian Art Festival  Contemporary Arts  Moscow Kremlin   The Romanov Family  Cherny Dol Lake  Russian Cinema  Twitter  Mercedes-Benz Fashion Week Russia  Ferdinand Wrangell  Kerch bridge  Kazan  astronomy in Russia  Russian tourism  Russian Theater  Archeology  Russian legislation  Galina Vishnevskaya Opera Singing Center  Vladimir Vysotsky  Moscow Temples 


Travel Blogs
Top Traveling Sites