Support The Moscow Times!

Omnium to Build Plant

French auto parts supplier Plastic Omnium said Tuesday that it is planning to build a factory in St. Petersburg, its third in Russia, to meet growing demand.

The factory will be built next year by its 51-percent-owned joint venture, Inergy, launched in April with fuel systems manufacturer DSK.

Inergy, which makes fuel systems for Renault Dacia and supplies AvtoVAZ, recently won contracts with Ford, General Motors and Nissan.

By 2015, Inergy expects to make more than 1 million fuel tanks in Russia, giving it 40 percent of the local market.

In India, where it co-owns a bumpers factory in Pune that supplies GM, Mahindra & Mahindra and Volkswagen, Plastic Omnium said it had gained full control of the joint venture after buying the 40 percent held by Varroc.


Related articles:

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.