State Corporation Bank for Development and Foreign Economic Activities (Vnesheconombank) and open joint-stock company SOLLERS entered into an agreement to open a credit line for the project on the organization of car production in the Far East and the localization of component base for production.

The agreement was signed in the presence of the Russian Federation Vladimir Putin. On the part of JSC SOLLERS document signed between the General Director Vadim Shvetsov, by Vnesheconombank - Chairman of the Board Vladimir Dmitriev.

project, OAO SOLLERS with the participation of Vnesheconombank, to create the first in the Far East, a full-scale automobile production, which will be a wide range of SUV SsangYong, commercial trucks ISUZU spetsavtomobiley and on the basis of FIAT Ducato. The capacity of the future of the enterprise in the first phase amount to 15 thousand cars per year, including welding, assembly and окрасочное production. The project also provides for the establishment of manufacturing auto components, which will provide a high degree of localization of production cars.

new car production, which will be launched in Vladivostok in late 2009, will ensure the needs of the inhabitants of the region in a modern and accessible vehicles, as well as meet the growing demand for freight and spetsavtomobili by commercial customers, and in particular by the major infrastructure projects in the Far East with the participation of the state. Total investment in the organization of car production and localization of component base is 5 billion rubles, which will be held by a credit line Vnesheconombank Russia. In accordance with the signed loan agreement for the development of automobile production in Vladivostok will be sent 1.8 billion., The development of component-based framework and, in particular, the stamping production - 3.2 billion rubles.
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