Under the agreement, Volkswagen Group Rus intends to modernize and expand the capacity of the internal combustion engine plant in the Kaluga Region to produce the second 1.4 TSI engine in 2024. The project investments will exceed RUB 6 billion, with 80 jobs will be created.
On May 20, the PSMA Rus plant announced the launch of mass production of DV6 (1.6) diesel engines. They will be produced parallel to the current vehicle production.
The Swedish company Volvo Cars is considering possible launch of a production line for electric cars at its plant in Kaluga.
On June 4, at the 24th St. Petersburg International Economic Forum, Vladislav Shapsha, Governor of the Region, and Peter Kaindl, representative of Kronospan Holdings East Limited, signed an investment project agreement for a particle board and laminated particle board factory in the Kaluga Region.
The ELA Container RU Company will build a container units manufacturing plant in the industrial park Vorsino in the Kaluga Region. On Friday, April 30, the corner stone laying ceremony took place for the foundation of the plant.
Factory PSMA Rus LLC (a joint venture of Stellantis and Mitsubishi, Kaluga) released the first test prototype of the DV6 engine, the official page of the manufacturing plant in social media reports.