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October 12, 2004

RUSSIA: Toyota eyes St Petersburg region for plant

Interfax reports that Toyota is negotiating with the St Petersburg regional authorities over the building of an automobile assembly plant there, according to a source in the regional governor's apparatus.

By bcusack

Interfax reports that Toyota is negotiating with the St Petersburg regional authorities over the building of an automobile assembly plant there, according to a source in the regional governor’s apparatus.

The report said that the Japanese company is at this point only looking at possibilities for siting assembly production in the region. “They need a lot of room, around 400 hectares. We are ready to offer such a site in the industrial zone of Gorelovo,” a source said.

Toyota is conducting similar talks with the authorities of other regions in Russia, the source added.

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