Manufacturing of components and systems for the automotive industry will be run in the Samara Region by Valeo Engine Units.
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.
Company's website: https://www.valeo.com/en/
Contact: Jacques Aschenbroich, Chairman of the Board of Directors