The construction of the new plant of Sollers-Isuzu will start in 2018

The construction of the new plant of Sollers-Isuzu will start in 2018

RNS – The construction of the new car plant of Sollers-Isuzu will start in Ulyanovsk region, during the third quarter of 2018, as announced by the regional administration.

6 billion rubles (approx. $95 million) will be invested in the project. The joint venture will establish a technological partnership, including the development and launch of a joint product in the medium-tonnage truck segment with a high level of localisation, as stated by Sollers Group previously.

7000 trucks will be manufactured annually, 30% of which will be exported through the network of Isuzu.

Sollers-Isuzu plans to create a new production facility in Ulyanovsk, where other Isuzu and UAZ models will also be manufactured. The investment in research and development will exceed 1.3 billion rubles, for the development of the medium-tonnage truck production project in Ulyanovsk.

The project has been consolidated by a special investment contract, signed by the Russian Ministry of Industry and Commerce, the Ulyanovsk region and the joint venture on 26 May.