Renault launches new facilities to double capacity at its Moscow plant
By Andrew C., 30 Aug, 2010. 0 Comments
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Earlier this week, Renault SA launched new facilities to double capacity at its Moscow plant to 160,000 cars a year. Renault said that its efforts, along with that of partners AvtoVAZ and Nissan, would propel it to become the Russian market's strongest player. Renault CEO Carlos Ghosn said that the shared platforms and capacity are an advantage as they all seek to take their place among the leaders in the Russian market. At the launch ceremony, Ghosn said that its investment amounts to 150 million euros ($203.8 million).
The new plant has already been producing the budget Logan models since 2004. The Sandero model would be added after expansion. The plant will produce the Duster SUV starting 2011. Renault owns 25% of Russia's largest car producer, AvtoVAZ. Indebted AvtoVAZ is anticipated to announce a restructuring plan later this month. Ranking fifth overall, the Logan holds the record as Russia's top-selling foreign car last year with 53,869 cars sold. It trailed four Lada models produced by AvtoVAZ -- the Priora, Samara, 2105/2107 and Kalina.
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