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Mazda to Double Capacity of Russia Venture
Mazda Motor Corp. and its joint venture partner Sollers OJSC plan to invest 25 billion yen ($318 million) to double the annual capacity of their new assembly plant in Vladivostok, Russia, to 100,000 vehicles at an unspecified future date.
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Mazda Motor Corp. and its joint venture partner Sollers OJSC plan to invest 25 billion yen ($318 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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