Avtotor, Chery may start building car plant in 2007
ST. PETERSBURG. Feb 12 (Interfax) - Kaliningrad carmaker Avtotor and China's Chery may start to build an automobile plant in 2007, Kaliningrad region Economics Minister Felix Lapin told journalists during the Autoinvest-2007 conference in St. Petersburg on Monday.
He said that the car plant with a capacity of 200,000 automobiles per year, would be built in 2009.
The minister said that some of the cars produced at the new plant would be sold on the Russian market.
Lapin said that Avtotor and Chery have not yet decided on a site, and that this would depend on a decision to build a deep-water port.
He said that Avtotor has lost its tax breaks, but that if the joint venture "is registered as the resident of a special economic zone" then it would receive support from the regional administration in the form of subsidies of up to three quarters of the refinance rate per year. rd
Tags: chery geely nanjing hafei zhonghua SAIC lifan
He said that the car plant with a capacity of 200,000 automobiles per year, would be built in 2009.
The minister said that some of the cars produced at the new plant would be sold on the Russian market.
Lapin said that Avtotor and Chery have not yet decided on a site, and that this would depend on a decision to build a deep-water port.
He said that Avtotor has lost its tax breaks, but that if the joint venture "is registered as the resident of a special economic zone" then it would receive support from the regional administration in the form of subsidies of up to three quarters of the refinance rate per year. rd
Tags: chery geely nanjing hafei zhonghua SAIC lifan
posted by Smartcar Owner at 6:26 PM
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