A new joint venture – Visteon Avtopribor Electronics – is set to become one of the largest automotive electronics suppliers in Russia, with full manufacturing and engineering capability.
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The firm, formed by Visteon Corporation and Avtopribor, one of Russia’s largest automotive components suppliers, will supply a wide range of cockpit electronics products including audio, infotainment, driver information and controls electronics.
Based in Vladimir, around 105 miles (170km) east of Moscow, Visteon Avtopribor Electronics is centrally located to support both domestic and global vehicle manufacturers in Russia. The new joint venture has full manufacturing and product development capabilities and will supply leading Russian vehicle manufacturers including AvtoVAZ, GAZ and Sollers, as well as Ford. The joint venture is also after business from other global vehicle manufacturers located in the country.
“Visteon Avtopribor Electronics offers Visteon immediate access to the domestic Russian market through one of our established and highly respected partners,” said Steve Meszaros, Visteon product group president. “Expanding into the important Russian market supports our strategy of offering our global customers fully localised products in markets where they are growing.”
Combining Visteon’s global cockpit electronics technology platforms with Avtopribor’s strong position in the Russian market, the joint venture is set to become one of Russia’s largest automotive electronics suppliers.
“Establishment of the new joint venture will allow us to offer world class products to Russian customers and gives Avtopribor an opportunity to focus on other competitive products,” said Alexey Melnikov, Avtopribor general director.
Avtopribor is one of the leading Russian suppliers of automotive components that develops, designs and manufactures wiper systems, instrument clusters, different types of transmitters and gauges and other components for Russian automakers and global vehicle manufacturers with local production in Russia. The company employs about 2,500 people.
