Valmet is considering setting up an assembly plant in the Leningrad Region in northwest Russia according to local media sources.

Vremya Novostei daily says Leningrad Region officials held talks this week with Valmet, a Finnish outsourcing company assembling premium specialty cars of different brands including the Porsche Boxster and Cayman.

The officials said the company is looking for a plant which could be reequipped with new production lines, the paper said.

“The negotiators did not specify which models would be assembled, but said the company wants to initially roll out up to 10,000 cars,” the daily said. “Valmet Automative wants to inspect the sites on offer and if the company is satisfied, another round of talks will follow.”