Volga |

Itelma to invest $41m in Gorodets auto components plant

14 Nov '07
Itelma scientific development and productionsubsidiary IVK in Gorodets (a town 80 km from Nizhny Novgorod), plans to invest more than 1 billion rubles ($41m) to produce automotive wiring harnesses.

In September the company commissioned the first production stage and plans to commission the other four and to increase production capacity up to 500,000 wiring harness sets a year by the end of 2010.

The factory is fitted with modern equipment supplied by Komax (Switzerland), Telsonic (Switzerland), Mecal (Italy), Divmac (Portugal) and currently produces 80,000 sets of a year. The products manufactured are delivered to AvtoVAZ for use in assembling its Lada Priora.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
 

Feature stories

4 Sep '14
Scientists from Kazan National Research Technological...
Search (News archive - 18840)
Russian Venture Capital Market Overview

Latest News

18 Sep '14
18 Sep '14
Twitter is holding negotiations to sell...
17 Sep '14

Most read stories from last week

16 Sep '14
Russia and Argentina are developing strategies to...
17 Sep '14
A ‘counter-crisis’ venture fund has been launched in...