Emelianenko-Mitrione bout postponed due to American’s illnessSport February 19, 4:06
OSCE unable to identify perpetrators of cyber attacks against it - secretary generalWorld February 19, 4:02
Russian biathletes win gold in relay at 2017 IBU World Championships in AustriaSport February 18, 18:30
Putin signs decree on recognition of documents given to Donbass peopleRussian Politics & Diplomacy February 18, 17:26
Sberbank CEO says no repeat of crisis in the short termBusiness & Economy February 18, 17:24
Judging by certain statements at Munich Conference, "cold war" is still not over — LavrovRussian Politics & Diplomacy February 18, 15:19
Bout’s lawyers will challenge Court of Appeals’ decision in Supreme Court on February 21Russian Politics & Diplomacy February 18, 7:16
Turkish Minister reproaches NATO for not fulfilling obligations on its south-eastern flankWorld February 18, 7:12
Moody's upgrades outlook on Russia’s sovereign rating to stable from negativeBusiness & Economy February 18, 2:37
ST. PETERSBURG, June 18 (Itar-Tass) - The government of St. Petersburg and Magna corporation will sign a memorandum of investor’s intent to build a plant producing car components in the second-biggest Russian city. It will be signed within the framework of the Petersburg International Economic Forum, chairman of the committee for industrial policy and innovation Maksim Meiksin said.
“The project envisages a sizable investment of several hundred million euros,” he said without giving the details of the agreement.
The biggest in the world supplier of car components Magna has three plants in St. Petersburg.
The key clients of the production site in Shushary are General Motors, Nissan, Ford in Petersburg and the Leningrad region as well as Volkswagen in Kaluga. The plant in Kolpino produces plastic details, in particular for Ford and Nissan.
An agreement with the Kirov Plant on joint with Skoda production of metro coaches for the Petersburg metro is planned for the signing within the framework of the forum. The total amount of investment in that project is estimated at one billion roubles.