Winterthur, Switzerland - Automotive acoustics expert Autoneum is setting up a plant to make acoustic and thermal-management components in Ryazan, about 200 km south-east of Moscow to serve the growing Russian automotive market.
Series production of parts at this plant, run by a new subsidiaryAutoneum Rus llc, will start up inautumn 2013. The workforce at the new plant should reach about 200 by 2017.
Autoneum ceo Martin Hirzel commented: "The automobile market in Russia has strong growth potential. As a local supplier with the related customer proximity, we are in an ideal position to make the most of this potential."
The move is part of an Autoneum strategy to strengthen its position in growth markets and focus on long-term partnerships with globally active customers.
Autoneum said the new Ryazan operation will allow it to produce its range of components for acoustic and thermal management for car makers in Russia.
Autoneum said the new plant benefits from a central location and good connections with the three large automotive clusters - St Petersburg, Moscow and Togliatti (Samara).
"This close vicinity to the production locations of globally active automobile manufacturers in Russia will enable decisive competitive advantages in future," the company said.