Central regions | Industry, manufacturing | Transport, logistics

Major $592m French-Japanese auto JV for Kaluga

18 Feb '09
French Peugeot Citroen and Japanese Mitsubishi Motors have announced a $592m joint venture to build an auto manufacturing plant in Kaluga, it was reported today.

According to reports, Peugeot Citroen and Mitsubishi Motors are to own 70% and 30% stakes in the JV respectively.

The plant, to be located in the city's Rosva industrial park, is reportedly to create around 3,000 jobs.

Under the project, the plant is to manufacture Peugeot and Citroen C-class cars and 4X4 Mitsubishi, Peugeot and Citroen cars.

The plant's projected annual capacity is 160,000 cars, including 110,000 C-class models and 50,000 4X4's.

Construction is scheduled to get underway in March, with the plant to start operation in 2011.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
Find Related Content
Latest News: Central regions
14 Jan '22 | Technology & innovation
14 Jan '22 | Technology & innovation

Feature stories

27 Dec '21
An innovative hybrid plate for cranial defects...
24 Nov '21
Cerebral vascular disorders are responsible for a...
8 Oct '21
Chemists at the St. Petersburg State University...
Search (News archive - 22902)
Technology Scouting Solutions For Industry
Marchmont News

Latest News

18 Jan '22
A scientific team in the West Urals has come up with...
14 Jan '22
A new device, developed by a Russian start-up and...
13 Jan '22
In Rostov-on-Don, scientists have developed novel...

Most read stories from last week

18 Jan '22
A scientific team in the West Urals has come up with...