Currency converter
^
All news
News Search Topics
ОК
Use filter
You can filter your feed,
by choosing only interesting
sections.
Loading

Hyundai plans to start engines production in Russia

April 04, 15:53 UTC+3

The company can either build an engine plant from scratch or place a required volume at an engine plant in Russia, according to the deputy industry minister

Share
1 pages in this article
© Peter Kovalev/TASS

MOSCOW, April 4. /TASS/. Hyundai plans to start production of engines in Russia, Deputy Minister of Industry Alexander Morozov told reporters on Tuesday.

"Hyundai has no engine production facilities in Russia now and they are viewing options of launching their production. They have two options: the first one is to build an engine plant from scratch and the second one is to place a required volume at an engine plant, for example, in Kaluga (VW), Alabuga (Ford), or at Autovaz," Morozov said.

Initial investments will be much smaller in the second variant because no buildings should be constructed and equipment acquisition will not be needed, the official said.

"An increase of existing equipment utilization will take place - investments into outfits alone dramatically lower the initial amount of investments," the deputy minister added.

Hyundai is viewing different options, Morozov added.

Show more
Share
In other media
Реклама
Partner News
Реклама