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Faurecia invests over 400 million rubles in an enterprise in the Togliatti SEZ

Jul 24, 2020

The company "Faurecia Automotive Solutions" (part of Faurecia), which produces car seats and components for them, intends to invest 410 million rubles in production in the SEZ "Togliatti" by 2025 and create 513 jobs.

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It is assumed that one of the key customers of the enterprise will be AVTOVAZ. Director of "Faurecia Automotive Solutions", Alexander Artsybashev, informed about it. According to him, the first stage of production will begin in January of 2021, about 100 jobs will be created. The rest of the jobs will be opened by the summer of the next year, the press service of the SEZ "Togliatti" reported.

As noted, there are various preferences for SEZ residents. They are exempt from value added tax and customs duties. They receive the right to buy land and free connection to energy resources, etc. Faurecia, which entered the Russian market in 2006, works in close cooperation with its customers, global partners such as Volkswagen, Ford, Renault, Nissan, Peugeot, Citroën, Mitsubishi, Hyundai, as well as the Russian auto giant AVTOVAZ. Faurecia has 6 production sites in Kaluga, Tolyatti, St. Petersburg and the Leningrad Region, where car seats and interior parts are produced. Founded in 1997, Faurecia group became a major player in the global automotive industry. The company manufactures: bumpers, seats, doors, interior insulation components and exhaust pipes for most of the world's largest car manufacturers.

Source: https://eng.autostat.ru/news/18769/

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