Production has declined by 2.7% at Avtotor during the first half of the year

Production has declined by 2.7% at Avtotor during the first half of the year

Avtostat – Kaliningrad based Avtotor factory has manufactured 111,600 automobiles during the first six months of 2014 (-2.7%). Thereby, the company has lost its position as “the factory which manufactures the highest number of automobiles in Russia” to St. Petersburg based Hyundai. Hyundai has manufactured 117,500 automobiles within the aforementioned period.

Avtotor manufactures more than 30 models for brands such as: BMW, Cadillac, KIA, Opel, Chevrolet and Hyundai.

As one may remember, Avtotor and Canadian Magna had signed an agreement, proposing the establishment of an automobile cluster with an annual production capacity of 250,000 vehicles, in November 2012. 200,000 vehicles part of the aforementioned capacity is planned to be realised in 2016 and the remaining part in 2018. The partnership also aims to increase the localisation rate to 48% in 2018 and to 50% in 2022.