Renault Group may launch production of its new models at AvtoVAZ after the enterprise switches to the Renault-Nissan CMF-B-LS platform, Nicolas Maure, CEO of Groupe Renault Operations in Russia & CIS and President of AvtoVAZ, told the press.
The auto supplier plant, expected to create 513 jobs, will be launched in the Industrial Park of Togliatti SEZ, the press service of the Samara regional government announced on Thursday.
Novares (France), a supplier of plastic parts for various car makers, opened a factory in Tolyatti, Samara Region. The company is renting 1,860 sq.m. of land in the industrial park AutoVAZ, part of the Renault-Nissan alliance.
The new project of Samara Inno HUB involves investments of up to RUB 4 bn and includes the installation of four new filling lines and the construction of a new warehouse with the potential increase of cargo turnover up to 800 tons of products per day.
The Russian Direct Investment Fund (RDIF) and the French company Schneider Electric have formed a joint venture based on the assets of the electrical equipment manufacturer Electroshield Samara, investments in the company amounted to RUB 3 billion, the RDIF said.
Danon Russia JSC will investing over RUB 4 billion in its branch, the Samaralacto dairy plant,” the Government of the Samara Region reports. The corresponding agreement on cooperation was signed by the head of the region Dmitry Azarov and the company Director General Charlie Capetti.