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:

Moscow Stock Exchange Will Begin Trading In Deliverable Forward Contracts With Sugar As the Underlying Asset
28.12.2016
Inflation In Russia Slowed Down
16.04.2017
Key Interest Rate Will Be Lowed To 10 Percent
29.09.2016
The Assembly Of Korean Cars G90 Started In Kaliningrad
15.11.2016
Agricultural Producers Got First Loans Under State Programme
11.02.2017



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
TAGS:
Fashion Futurum  Kremlin  iPad  Ornithological Park   ice entertainment complex  Russian Literature  Mythical Lands of Russia  New Pushkin Awards  Russian business  Avant-garde  Painting  Russian events  Exhibitions in Moscow  Russian Composers  Russian Cinema  Russian Theater  Mercedes-Benz Fashion Week Russia  Alexander Rukavishnikov  Russian painting  IKEA  Central House of Artist  Gennady Gladkov  Moscow-river  Baikonur  Champions League  Domodedovo Airport   Fashion  ExoMars 2016  Russian history  Russian politicians  Russian tourism  Russian Astronauts  Russian Nature  Russian trains  MTS   Russan spacecrafts  Khanty-Mansi Autonomous Area  Flutes  Victorian Era  Air Transport   Voronezh   Russian coal producers  Moscow traffic  Russian constructors  Orthodoxy  Infill Development  Archeology  Moscow  religion  Exhibitions in St. Petersburg 


Travel Blogs
Top Traveling Sites