From European Plastics News
Nanterre, France - Automotive supplier Faurecia SA plans to invest Euro 30 million ($38.1 million) in building two plants for vehicle parts in Russian city of Kaluga, the country's automobile cluster.
The first plant will produce exhaust systems for combustion engines, while the second will make interior parts. The plants will create over 300 new jobs initially, with production is scheduled to start during the first half of 2012.
Nanterre-based Faurecia already has a plant in Russia, in Nizhny Novgorod, which produces bumpers for Renault cars.
Faurecia has always had big hopes for Russia. In 2008, the company announced plans to build two factories in St. Petersburg and Kaluga, where the company's entire range would be produced. However, the French firm suspended these projects as a result of the recession.
Separately, Faurecia announced in December that it has started construction of a new seat mechanism plant in Yancheng, in the Chinese province of Jiangsu. The 22,000 sq. m. factory should be fully up and running by the summer of 2013,
The plant is in a fast-growing automotive manufacturing region, and will eventually produce up to four million mechanisms a year. Faurecia China president Jean-Michel Vallin commented: "This event marks an important stage in Faurecia's strategy of increasing its share of the Chinese and export markets for seat mechanisms."