Skoda starts production in Russia

Pharma

On the 28th of November Skoda started assembling vehicles in Kaluga, Russia. With a total capacity of 150,000 vehicles annually, the new facility will account for 40% of the firm’s total worldwide production.

Assembly of Mk I and Mk II Octavias and the New Fabia (for the Russian market) has already started.  When it is operating at maximum capacity, a total of 3,000 people will be employed there. “Opening our first production plant in Russia is a milestone in Skoda Auto’s expansion to eastern markets, because the region is growing very dynamically and we look at it with high hopes as far as the future of Skoda Auto is concerned “ said Skoda Chairman, Reinhard Jung. The key factor in selecting the location for the plant was the fact that the majority of Russian sales are in Moscow - less than 200km away from Kaluga. Skoda has sold 27,000 vehicles in Russia so far this year. Compared with the same period in 2006, sales have grown by 82.7% (from 14,835 last year). The best-selling model is the mark 1 Octavia with the 1.4 (70bhp) and 1.6 (100bhp) engines. (newcarnet)

ADVERTISEMENT

Number of Liquidations Increasing Rapidly Figures

Number of Liquidations Increasing Rapidly

Varga Meets With Chinese Business Leaders Int’l Relations

Varga Meets With Chinese Business Leaders

AutoWallis May Increase Planned Sales Due to Strong Performa... Automotive

AutoWallis May Increase Planned Sales Due to Strong Performa...

International Writers Amongst Visitors at PesText Festival Art

International Writers Amongst Visitors at PesText Festival

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.