Mexico’s Metalsa and China’s Fuyao Group are considering setting up vehicle components production in Russia’s Kaluga region, Ruslan Zalivatsky, the region’s economic development minister, told reporters.
Talks are currently being held with these companies, he told Prime-Tass.
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Metalsa, which produces chassis frames for trucks, could invest up to US$100m while Fuyao Group, an auto glass maker, could spend $1bn.
The region was currently in talks with six auto components producers over setting up production in the region, Zalivatsky said, adding that the local government planned to sign agreements worth $150m with auto components producers by the end of March.
Auto components producers such as Peugeot-Citroen [Faurecia], Gestamp, and Magna have already invested $400m there, he said.
Total auto production investments in Kaluga are planned at over $2bn in 2010, Zalivatsky said.
