manufacture in Russia

Avtovaz to increase Lada Granta, Niva production rates

Avtovaz to increase Lada Granta, Niva production rates

Avtovaz plans to increase the speed of Lada Granta and Lada Niva production lines to 50 and 38 cars per hour, respectively, President of the Russian car manufacturer Maksim Sokolov said in an interview aired by the Rossiya-24 TV news channel on …

Volvo starts laying off employees in Russia

Volvo starts laying off employees in Russia

Volvo Group has begun laying off employees at its Russian divisions to adapt to the changed circumstances, the company's press service told Interfax. The conditions on which employees will be laid off and the number of layoffs are …

ArcelorMittal resumes steel supplies to Russia

ArcelorMittal resumes steel supplies to Russia

ArcelorMittal, the largest steel producer outside China, resumed steel supplies to Russia through Kazakhstan in June, a source in Russia’s metals industry told TASS. "Mainly hot-rolled mill products [are supplied to …

Putin says government must support domestic car industry

Putin says government must support domestic car industry

Russian President Vladimir Putin ordered his government to quickly come up with new measures to support the domestic car industry. "I would like to ask the government to tell us in detail what swift measures it is taking to support …

Renault not to be able to buy back plant in Moscow

Renault not to be able to buy back plant in Moscow

Renault won’t have an option to buy back its plant in Moscow, Deputy Mayor Maksim Liksutov said on Moskva-24 television. "It’s important that when we got the plant, we didn’t give an option to Renault for a …

Finland's Stora Enso divests two sawmills in Russia

Finland's Stora Enso divests two sawmills in Russia

Finland’s Stora Enso has entered into an agreement to divest its two sawmills and their forest operations in Russia to local management, the group said on Monday. “Stora Enso’s assessment is that due to the …

Stellantis suspends vehicle production in Russia

Stellantis suspends vehicle production in Russia

Carmaker Stellantis said on Tuesday it was suspending production at its Russian plant due to logistical difficulties and sanctions imposed on Moscow. The world's fourth-largest automaker, which produced and sold the Peugeot, …

Henkel to continue business in Russia for now

Henkel to continue business in Russia for now

Henkel will continue doing business in Russia for the time being, the German consumer goods group's chairperson said, adding that the company's activities in the country are subject to restrictions. "This is sometimes …

Renault resumes production at Moscow plant

Renault resumes production at Moscow plant

French carmaker Renault resumed production at its Moscow plant on Monday, a company spokesperson told Reuters. Renault suspended operations at its car assembly plant in Moscow in late February, saying at the time it was due to a …

Amcor to begin scaling back Russia operations

Amcor to begin scaling back Russia operations

Amcor Plc said Monday it is going to start scaling back operations in Russia. In a letter from Chief Executive Ron Delia, the company said that while its first focus is the safety of its people in Ukraine, "we recognize that our …

Russia may start producing foreign vaccines against COVID-19

Russia may start producing foreign vaccines against COVID-19

Russia is ready to launch the production of foreign vaccines against the COVID-19 coronavirus, Russian Minister of Industry and Trade Denis Manturov said. At the same time, he stressed that the decision on foreign vaccine manufacturing …

IRCS buys rescue helicopters from Russia

IRCS buys rescue helicopters from Russia

Iran’s Red Crescent Society (IRCS) signed a contract with Russia's company Russia Helicopter for purchase of rescue helicopters. Speaking during the signing ceremony, IRCS chief Karim Hemmati said that Iran’s …

Russia’s industrial production to remain at 2019 level in 2020

Russia’s industrial production to remain at 2019 level in 2020

Russia’s industrial production may decline by 4-5% by the end of 2020 if the June dynamics persists, or even remain roughly at the level of 2019 unless a second coronavirus wave occurs, Industry and Trade Minister Denis Manturov said. …