MOSCOW TIME: 21.04.2018 04:51:11

Investments

BMW expects to sign deal for plant construction in Kaliningrad region in 2018

BMW expects to sign deal for plant construction in Kaliningrad region in 2018

German carmaker BMW Group expects to sign a special investment contract for the construction of a full cycle plant in Kaliningrad region before the end of the year, Member of the Board of Management of BMW Group AG Oliver Zipse told TASS.

According to him, the company is currently in the process of negotiations with Russian partners, regional and federal authorities.

"We aim to finalize it before the end of the year," he said, adding that manufacturing for the local market would be the focus of this plant; however export is also part of the negotiations.

It was reported earlier that BMW chose the Kaliningrad region to build its full-cycle plant. The industrial park Khrabrovo might become a platform for it.

According to Kaliningrad Region Governor Anton Alikhanov, the region, in addition to allocating the infrastructure of the park, is ready to invest about 250 mln rubles ($4.37 mln) in the development of the BMW site. According to his estimations, under favorable conditions, the plant might be built within two years and by the beginning of 2021 could start assembling cars.

Source:www.tass.com

:

BMW Group Germany Invesments

Share this:

Share this Share this Share this

NEWS


20.04.2018 Tatarstan Exports Tires to 31 Countries

Tatarstan, the ethnic Turkic-speaking constituent republic of Russia on the Volga, exported more than 530,000 tires to $26.4m to 31 countries in the first quarter of 2018.

20.04.2018 Murmansk Region Boosts Live Fish Imports 20 Times

Murmansk oblast in the North of European Russia imported 409.8 tons of live fish to $7.5 million in 2017 twenty times more than the year before in value terms and sixteen times in...

20.04.2018 Brent oil price above $74 per barrel first time from November 27, 2014

The cost of Brent crude oil futures contracts deliverable in June 2018 rose by 1%, to $74.23 per barrel in the course of trading on the ICE Exchange in London, according to its...

EVENTS


21.11.2018 00:25:00 UZPRODTECHEXPO-2018

November 21-23, 2018 Tashkent (Uzbekistan)

21.11.2018 UZAGROEXPO-2018

November 21-23, 2018 Tashkent (Uzbekistan)

31.10.2018 00:05:00 UZENERGYEXPO-2018

October 31 November 2, 2018 Tashkent (Uzbekistan)

INTERVIEWS


18.04.2018 Pskov State University Increases Its International Student Body Thirty...

Higher education can be a profitable export business, provided the system is built correctly and qua...

FEA Education


03.05.2017 Anna Trubetskaya: "Business should be built on Russians"

About the models of business development in another country and professional secrets is told by a practicing expert on work in international markets Anna Trubetskaya

Our partners