Far East | Industry, manufacturing

Sollers $100m VEB hope posted

14 Jul '09
Tatarstan-based auto maker Sollers has plans to secure a Vnesheconombank (VEB) loan to launch production of Isuzu trucks, Fiat Ducato cars and SsangYong SUVs in Primorsky Region, Vedomosti reported, citing a company source.

An amount to be taken out and total investment in the project have yet to be announced. Ernst & Youngs Ivan Bonchev estimates an investment to be between $80m and $100m.

First Sollers vehicles are reportedly expected to be assembled in Vladivostok at the year end.
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Locations: Primorsky krai

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