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KALUGA, December 22 (Itar-Tass) — Two French plants for the manufacture of car components are to be built in Kaluga Region. Overall investments in the project will amount to 30 million euros. Over 300 new jobs will be created at the enterprises which are to come into operation next year.
According to a report by the media relations department of the Kaluga Region gubernatorial administration, Governor Anatoly Artamonov has signed a respective agreement with Bertrand Lavolle, General Manager of the Faurecia Automotive Development Company.
The plants, to be located in the Rosva industrial cluster, will make exhaust systems for internal combustion engines and component parts of car interior trim for Russia-assembled cars of foreign makes.
Artamonov emphasized, "The advent of new investors to the car components production sector will promote a sustainable and effective development of the Kaluga auto cluster."