Wednesday, February 26, 2014

MAGNA IMPLEMENT PLANS IN NIZHNY NOVGOROD

MAGNA implement plans in Nizhny Novgorod
MAGNA IMPLEMENT PLANS IN NIZHNY NOVGOROD

Canadian automotive supplier Magna decided to settle permanently in Nizhny Novgorod. The company will invest 1.7 billion rubles. in new production and modernization of old, which will allow it to increase production and diversify the product line. Experts believe that the components of the Nizhny Novgorod assembly will be supplied to other regions of the country.

Yesterday the governor of the Nizhny Novgorod region Valery Shantsev, vice-president of the Canadian company Magna Herald Sitte and CEO of the company `Magna Technoplast` Ilya Smolin signed a letter of intent under which on-site in Nizhny Novgorod Magna launch production of bumpers, instrument panels, hatches gas tank, radiator frames, Front module assembly.

The agreement essentially involves the modernization of existing facilities and construction of new total area of 12 thousand square meters. m is planned that Magna will invest in the project 1.7 billion rubles. Production will start in the next year, and at full capacity the company will be released in 2014.

It is expected that the company will produce the exteriors and interiors for one of the main partners of Magna - GAZ Group. `You will see a new line of paint #39;- said Mr. Smolin. According to him, automotive components will be supplied not only to the Nizhny Novgorod enterprises, but also in other regions. Under GAS confirmed that Magna is by far one of the suppliers of the company, but from the other comments. However, the source of RBC daily, familiar with the situation, the expansion of production links Magna with GAZ Group plans to assemble Volkswagen and Skoda.


The company itself Magna declined to comment.

At Magna in Russia, there are several companies producing plastic and metal automotive components. The company is a supplier of major car manufacturers in Europe `America and Asia. Recall that Magna has plans and for the development of the Kaliningrad region.


In March of this year, was announced jointly Automobile `` Autotor automotive cluster production capacity of 350 thousand cars a year. It will include plants already existing partners Autotor ``. According to the general director of the analytical agency `Autostat` Sergey Tselikova, most likely, Magna already has a number of agreements on deliveries to the Russian car manufacturers. `It is possible that the company will supply them to other parts of the country: Togliatti, Kaluga, Yelabuga and so on. Who is collecting cars is growing, and within a few years, Russia will be collected up to 2 million cars a year #39;, - said the expert