Japan is ready to invest in component manufacturing in Russian Far-East

Japan is ready to invest in component manufacturing in Russian Far-East

Vedomosti – Japan is currently doing a feasibility study on establishment of a number of facilities in Far-Eastern and Siberian regions of Russia, in order to manufacture automobile components. The relevant statement has been made by the Assistant Secretary General of the Japanese government Hiroshige Seko.

There aren’t any major automotive supply industry companies in Far-Eastern regions of Russia at the moment. However, Russian Sollers owns three assembly plants in the region, with foreign partners. SsangYong, Mazda and Toyota Land Cruiser Prados are manufactured in these plants. The components used in the vehicles are being imported from Japan and S. Korea. An executive from Sollers has stated that the company is currently evaluating the localisation issue of several components within the frame of Mazda Sollers and Sollers Busan projects and relevant negotiations will start with the Japanese suppliers in near future. KamAZ also has a company in the region: KamAZ Vostok, which works with Chinese and Korean suppliers. KamAZ Vostok has manufactured 15 trucks in 2012.

The executives from St. Petersburg Toyota factory have stated that they would also prefer to work with Japanese supply companies in Siberian and Far-Eastern regions of Russia, in case they invest in these regions. St. Petersburg Toyota factory is currently receiving the majority of its supplies from Japan by sea-shipment.