Valeo invests in Togliatti plant about € 17 million to open a new production, the administration of Togliatti reports.
Valeo and the Administration have signed a protocol of intent. In its terms, the company plans to launch new projects in Togliatti," the report states.
Valeo Group specializes in servicing car manufacturers and aftermarket players in terms of car accessories for cars and commercial vehicles.
On Wednesday 22 November, the acting deputy president of the government of Samara Region and its industry and technology minister Sergei Bezrukov and BRISK Tбbor, a.s.,
Thursday, Kuibyshevazot (Tolyatti, the Samara region) and MET Development S.p.A. (the design department of MaireTecnimontS.p.A., Italy) announced incorporation of the joint venture for carbamide production.
Leroy Merlin, the global retail company, has invested RUB 1.5 BN into its hypermarket near Kaliningrad starting its operation on Friday, TASS was told by the PR function of the company.
Evrotekhnika started serial production of trailed large-size wide-level seeders – Condor and Citan – under the German Amazonen Werke’s project to localize the production of agricultural machinery. This is reported on the Industrial Development Fund’s website. “Localizing the production of Condor and Citan seeders intended for sowing grain crops will reduce Russia’s dependence on imports of this type of equipment. The company's share in the Russian market will reach 6% in terms of quantity and 14% in money terms,” the statement said.
One of the world’s largest producers of building finishing materials, international company Knauf, will build two dry mortar plants with a total capacity of about 250 thousand tons of products per year in Samara and Kazan.