. Nissan Announces Plans for New Manufacturing
Plant in St.Petersburg, Russia
MOSCOW - Nissan
Motor Co., Ltd., today announced plans to invest US$200
million (5.5 billion Rubles) in a new assembly plant in
St. Petersburg, Russia. The announcement was made in Tokyo
by President and CEO, Carlos Ghosn, during a press conference
for the 2005 fiscal year results. Production will begin
in 2009. The plan is subject to the approval and signing
of an agreement with Russia's Ministry of Economic Development
and Trade.
When fully
operational, the plant will employ around 750 people with
a currently planned capacity of up to 50,000 units per year.
The plant will produce a variety of vehicles specifically
adapted for the Russian market.
"Russia has
been a very successful market for Nissan and we see great
prospects for the future," said Ghosn. "Russia is an important
part of our global growth strategy. This investment demonstrates
our confidence in the high potential of the Russian economy,"
continued Ghosn.
The factors that led to the
selection of the St. Petersburg site include an available, high-quality
work force, attractive location and infrastructure, a supportive business
climate and the commitment from the regional government.
"The continued growth of the
Russian market, and Nissan's presence in that market, was a key factor in
deciding to start local production," said Colin Dodge, senior vice president,
manufacturing, purchasing and supply chain management, Nissan Europe. "We
are confident this plant will build upon Nissan's reputation as an efficient
and flexible manufacturer of high quality, attractive vehicles aimed at
satisfying the needs of our Russian customers," Dodge continued.
