The company has rented a 1,860 m2 site located in the industrial park of Avtovaz in Togliatti. The factory will begin producing engine parts in May 2020, then the company will rent a further 2,600 m2 at the start of 2021 and expand production to include making and assembling roof bars.
The site will employ 130 workers by 2021 and is anticipated to achieve a 13 million € turnover by 2025.
“Opening this factory in Russia is part of our long-standing growth strategy, which includes being close to our customers wherever they are in the world. It is our first step into the Russian market, and the site will enable us to better evaluate and develop our offer in the country as a whole,” said Pierre Boulet, CEO of Novares.
The factory is one of three, following Mioveni in Romania and Kenitra in Morocco, that Novares has set up to better accompany the Renault-Nissan Alliance as it increases its production around the world.