Russian engine producer Avtodiesel has completed construction of a RUB10bn (US$319m) diesel engine production plant in Yaroslavl.

The plant, which will produce YaMZ-530 series engines, is expected to reach its maximum projected production capacity of 50,000 engines per year in 2014, Prime News reported, citing RIA Novosti.

Avtodiesel, which is also known as the Yaroslavl Motor Plant, is a unit of automaker GAZ Group which holds 61.64% of the engine producer.