Russian envoy says relations with NATO started deteriorating long before Ukrainian crisisWorld December 08, 4:55
Contact Group agrees to settle water cuts issue in Lugansk within 7 days ― OSCE envoyWorld December 08, 2:58
Glencore expects deal on purchasing stake in Rosneft to close in mid-DecemberBusiness & Economy December 08, 2:03
Italian Prime Minister Renzi officially resignsWorld December 08, 1:27
43 ceasefire violations reported in Syria in 24 hours ― Russian Defense MinistryWorld December 08, 1:16
One reconciliation agreement signed in Syria in 24 hours ― Russian Defense MinistryWorld December 08, 0:26
Lavrov confirms to Kerry Russia backs US proposal on Aleppo from December 2Russian Politics & Diplomacy December 07, 23:57
Russia has never imposed its decisions on Syria, Assad saysWorld December 07, 23:45
Rosneft privatization deal is completed — KremlinBusiness & Economy December 07, 21:06
TOKYO, June 25 (Itar-Tass) - Japan’s major producer of car components NGK Spark Plug Co announced on Tuesday that it sets up a subsidiary firm in Moscow.
It will be selling ignition plugs and car sensors.
The new company has got the name LLC NGK Spark Plugs (Eurasia) and its capital is 120 million roubles. Early products of the Japanese company were sold in Russia via its German affiliate.
However, sources from the company headquarters in Nagoya told Tass that the Russian market is quickly growing and needs special attention. Last year, according to the company, Russia had 36 million cars, against about 25 million in 2005. Eighty percent of new vehicles are foreign makes, which creates a big demand, in particular, for good-quality ignition plugs.
After assembly plants of Toyota, Nissan and Mazda and other corporations were opened in Russia, Japanese companies making and selling car components have started arriving in Russia one after another. Russia is seen as one of a few markets in the world that have good growth prospects.