The Ministry of Industry and Trade promised to help launch production at the former Volkswagen plant
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The Ministry of Industry and Trade promised to assist the new owner of Volkswagen assets in restarting the former plant in Kaluga. This was reported in the press service of the department.
“The Ministry of Industry and Trade of Russia will provide the new owner with comprehensive support for the speedy restart of the production site in Kaluga,” the message says (cit. according to RIA Novosti).
Earlier today, May 19, at Volkswagen reportedthat the company sold its stake in Volkswagen Group Rus to the Russian legal entity LLC Art-Finance, which owns the dealer “Avilon“. The latter also received the Volkswagen Components and Services, Scania Insurance, Scania Finance, and Scania Leasing companies owned by Volkswagen. The details of the deal were not specified. According to Interfax, its cost amounted to 125 million euros.
The Volkswagen plant in the Grabtsevo technopark near Kaluga was launched in the SKD mode in 2007. Two years later, it switched to full-cycle car production, including welding, painting and assembly. The enterprise can produce up to 225,000 cars per year. In 2015, a plant for the production of 1.6-liter engines was opened there (capacity – 150,000 per year).
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