GM-Avtovaz is planning an investment of 6.2 billion rubles

GM-Avtovaz is planning an investment of 6.2 billion rubles

Vedomosti – GM-Avtovaz affiliate: OOO JB Systems is preparing to establish a facility within the Tolyatti Special Economic Zone. The SEZ Observation Committee has approved the construction plan of the bodywork and press production facility, presented to them by the company. Chevrolet Niva bodyworks are currently being manufactured in Avtovaz.

The project also includes the establishment of an engineering laboratory and a logistics centre within Tolyatti SEZ. The estimated total investment value of the project is 6.2 billion rubles ($200 million).

The construction of the bodywork and press production units within Tolyatti SEZ will start in Autumn 2013. The facility is due to start operations by the end of 2015, according to the plans. By then, GM-AvtoVAZ intends to increase its production capacity by 20%, reaching an annual capacity of 120,000 automobiles.

The company currently manufactures Chevrolet Niva. As from 2015, the production of Lada 4×4 will start alongside Chevrolet Niva.