MAG has plans to manufacture buses and trucks in Ulyanovsk

MAG has plans to manufacture buses and trucks in Ulyanovsk

RusAutoNews.Com – According to the Russian Ministry of Industry and Commerce, a memorandum of understanding, proposing the establishment of six bus and truck production plants in the region, has been signed among Ulyanovsk Regional Administration, Ulyanovsk Region Development Agency, Park-Ulyanovsk industrial park and MAG Motor Company on 29 October.

The press announcement made by the Russian Ministry of Industry and Commerce states that the aforementioned plants will be established in Dega-Ulyanovsk agro-industrial park and the relevant agreement had been signed between the governorship and the park administration in April 2014.

MAG Motor Company director general has made the following statement: “We will have finished the construction of a small assembly facility by the end of 2017, at the first stage. Thereafter, we will establish six plants on 65 hectares land. The plants will manufacture MAG brand trucks, buses and minibuses.”

The completion time for the project has been stated as year 2022, in the announcement made by the ministry. The total investment amount has been announced as 8 billion rubles, 2.5 billion rubles of which will be used during the initial stage. An annual production capacity of 3200 trucks and 700 buses is planned for the year 2021.