AVTOVAZ has acquired VMZ machine building plant

AVTOVAZ has acquired VMZ machine building plant

RusAutoNews.Com – AVTOVAZ has acquired Volga Machine Building Plant (VMZ). The company president Bo Anderson has made the following statement:

“The partnership of AVTOVAZ and VMZ has a strategic character. We will start the production of five new models within the next three years. We need press-work, die sets and equipments, in order to achieve this goal. An order in the amount of 1 million rubles has already been placed with VMZ.”

VMZ supplies AVTOVAZ with necessary components for automobile assembly and technological equipments. The company also takes part in the production preparations for Lada Vesta, which will be manufactured in Izhevsk. The production of the model will start in September 2015.

On the other hand, AVTOVAZ, which makes engine assembly for models designed on B0 platform, has plans to manufacture engine components in the near future. The company intends to manufacture crankshafts, cylinder blocks and block headers for the new 16 valves 1.6 lt. H4 engines, itself. The production of the aforementioned components is expected to start in Spring 2015.