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The report in focus

Automotive Industry In Russia. Results of 2019. Prospects

Automotive Industry In Russia. Results of 2019. Prospects

Exit date 02.06.2020

Format PDF, 55 стр.

Price 960 eur.

report contains information on automotive vehicle production in Russia, particularly passenger cars and commercial vehicles

02 june more info

Analytics

Russian dealers of Ford began sales of updated Mondeo

Ford Mondeo sedan has received a technological upgrade aimed at the safety improving of the car and improving of the intelligent driver assistance systems. People can order updated Ford Mondeo at all official Ford dealers in Russia.

05 julymore info

Infographics

The dynamics of the Russian car market in May of 2020

News

VEB and “Autotor” will cooperate in the creation of the automotive cluster in the Kaliningrad region

Vnesheconombank , the Federal Center for Project Finance (“daughter” of VEB ) and “Autotor Holding” signed an agreement on cooperation in the preparation of the project and the creation of a cluster full-profile automobile manufacturers in the Kaliningrad region on September 27th in the investment forum “Sochi- 2013”.

The project involves the construction of five auto plants full cycle up to 2020, up to 16 plants for the production of automotive components, transportation and logistics infrastructure, housing, and life-supporting sectors, including port, energy facilities, the city of a new type of modern international engineering service and training centers.

According to the document the project to be achieved by the use of PPP instruments with the use of tax increment financing, where the cost of private investors to build the infrastructure will be reimbursed from the budget through taxes from the operation of the facility. After the completion of construction and commissioning, the facilities will be transferred to the state and municipal property, reports “Interfax”.

Earlier, the president of “Autotor Holding”, Valery Draganov, said that the creation of automotive cluster creation on base of a public- private partnership in the Kaliningrad region could cost RUB 120 billion. According to him, VEB may participate in the financing of all phases of the project. The company has already pre- agreed with the Sberbank to allocate RUB 20 billion, the negotiations are also underway with VTB and other Russian and foreign banks.

Recall that in November of 2012 the company “Autotor Holding” and the Canadian automotive supplier Magna International Europe AG signed a general agreement on cooperation in the creation of the cluster of auto production capacity up to 350,000 vehicles per year in the Kaliningrad region. The first phase of the cluster capacity of 200 thousand cars is to be launched in 2016, the second - in 2018. The main market is Russia, 20 % of the production will be exported.

Currently, “Autotor” assembles cars BMW, Kia, Chevrolet, Opel Hyundai at three sites. The new cluster is created in the framework of the contract with Magna to establish a joint venture by the “old” industrial assembly rules to keep benefits after 2016. The new cluster will consist of plants that are already existing partners of “Autotor” and other companies. The Russian government has approved the project by signing an agreement with “Autotor” within the framework of industrial assembly.

01.10.13 AA "AUTOSTAT"
Source: www.autostat.ru