Tataria’s Minister of Trade and Foreign Economic Cooperation Hafiz Salikhov will supervise the GW project.
Photo: Vasily Alexandrov
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Tataria Raises Great Wall
Tataria has sealed a partnership protocol with Great Wall (GW) of China, and the latter is expected to set to assembling the cars in Tataria's Alabuga Special Economic Zone already in 2007. The facilities will be constructed by a venture of Tataria and GW, so that the bureaucrats could closely supervise the project, in which they have no faith.
Tataria’s Minister of Trade and Foreign Economic Cooperation Hafiz Salikhov said he sealed a cooperation protocol with GW in Beijing yesterday, in time of Russia’s-Chinese Investment Forum. The document specifies principal consent of the parties to construct an automobile plant in Alabuga Special Economic Zone, Tataria.
A new carmaker will be able to produce 50,000 vehicles a year. The project investments are estimated at around $100 million and the 50-percent localization will be attained in four years and a half, Salikhov specified.
In Tataria, GW will start with assembling its Hover off-road vehicle (the price starts at $22,400) and proceed to Deer G3 pickup (min. $12,300) and some new model, which GW will present to Beijing’s World Car Show slated for November 18, 2006.
So the car assembly project of GW, which implementation was strongly questioned in summer, will be executed in Tataria all difficulties notwithstanding. But contrary to initial plans, the automobile facilities in Alabuga will be constructed not by Great Wall Motors (100 percent subsidiary of GW), but by a venture of GW (75 percent) and Tataria’s authorities (25 percent). The sources say Russia’s Economic Development Minister German Gref personally insisted on Tataria’s participation in the venture as a guarantee that GW won’t confine to simple assembly but invest in welding and painting facilities.
www.kommersant.com
All the Article in Russian as of Nov. 10, 2006
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