GAZ Group and global autocomponent manufacturer BOSAL create emission control systems joint venture
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 23.03.2011 |
GAZ Group and BOSAL, one of the leading international manufacturers of emission control systems, have signed an agreement to establish a joint venture at Gorky Automobile Plant.
New production of emission control systems (exhaust pipe, muffler, catalytic converter) will start in the fourth quarter of 2011. At the first stage the joint venture will produce components according to Euro-3 standard, and starting from 2012 components will be Euro-4 compliant.
At the initial stage annual manufacturing capacity of emission control systems facility will be 350 thousand kits. Customers will include GAZ, as well as outside companies. It is planned to use the products of the joint venture in production of upgraded GAZelle-BUSINESS vehicles and in contract manufacture of foreign branded vehicles at GAZ. The parties are planning that components produced by the joint venture will be also used in foreign vehicles localization in Russia.
Aad Goudriaan, President & CEO of BOSAL: "I am glad to say that GAZ with extensive manufacturing capabilities and competences has become our partner in Russia. Our company has been actively developing in the Russian market for over 10 years. Already we have established two production facilities and а distribution network in Russia. Cooperation with GAZ will allow us to expand our manufacturing capabilities further and to provide hi-tech products for Russian and foreign vehicles. The existing capabilities of GAZ will allow us to establish a modern production facility within a short period of time and to offer to our customers competitive quality products".
Bo Andersson, President of GAZ Group: "Cooperation with BOSAL will make it possible to upgrade manufacturing capacity of GAZ automotive component production facility and to equip our products with modern emission control systems. Implementation of the project will become a successful step in attracting leading international manufacturers to localize hi-tech autocomponents in Nizhny Novgorod region and to develop the automotive cluster in the region further".
GAZ Group is the biggest manufacturer of commercial vehicles in Russia. It includes 18 plants in ten regions of Russia, distribution and service network. It produces light and medium-duty commercial vehicles, heavy-duty trucks, buses, cars, construction equipment, powertrain and automotive components. GAZ Group is the leader of the commercial vehicle market with about 50% in the markets of light commercial vehicles and all-wheel drive heavy-duty trucks, about 70% in the bus segment, over 40% in the engines segment and over 65% in the segments of wheel excavators and motor graders. The headquarters of GAZ Group is located in Nizhny Novgorod. The controlling shareholder of the company is Russian Machines Corporation.
BOSAL is a leading international supplier of emission control systems, automotive carrier and protection systems as well as energy conversion systems. BOSAL closely cooperates with automakers and develops individual solutions for each customer. The annual turnover of BOSAL is €750 million. BOSAL has 34 production sites and five engineering centers covering the world. The engineering centres of the company using innovation as their key principle are located in Europe, North America, South America, South Africa and South-West Asia.
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