Mazda, Sollers to Double Capacity of New Russia Plant
Mazda Motor Corp. and its joint venture partner Sollers OJSC plan to invest 25 billion yen (€252 million) to double the annual capacity of their new assembly plant in Vladivostok, Russia, to 100,000 vehicles at an unspecified future date.
Mazda Motor Corp. and its joint venture partner Sollers OJSC plan to invest 25 billion yen (€252 million) to double the annual capacity of their new assembly plant in Vladivostok, Russia, to 100,000 vehicles at an unspecified future date.
The factory, the 50:50 venture's first facility, will begin making Mazda CX5 crossover vehicles next month and Mazda6 midsize sedans next spring. The partnership, Mazda Sollers Manufacturing Rus, says capacity will double a year after the plant reaches its initial capacity.
The Russian venture is part of Mazda's strategy to expand its presence in emerging markets.
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