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The first automotive safety system plant in Russia is going to be built in Ulyanovsk

25.05.2011

An agreement was signed during the 9th International Investment Forum Sochi-2010 between Ulyanovsk Region Government and the Company TAKATA-PETRI Rus on investment in building a car parts plant in the region.

The first stone was recently laid in the Zavolzhye industrial zone in Ulyanovsk, one of the first certified industrial parks in Russia. TAKATA Corporation (TAKATA) is a leading global supplier of safety systems for cars. According to the company's management, the new high tech plant in Ulyanovsk Region will produce steering wheels, seat belts and air bags.

The region's government press told IA REGNUM that investment in first stage development is approximately 20 million euros. Equipment should be installed in the plant in the autumn of 2011 and production should begin in April 2012. More than 300 new jobs will be created at the new plant.

Shigehisa Takada, TAKATA president noted in his opening speech that demand in Russia for cars and their safety systems will soon increase. He said that "with the establishment of our first plant in Russia we are strengthening our supply structure, and also hoping to contribute to the car industry in Ulyanovsk Region, paying particular attention to road safety and helping to reduce fatalities as a result of traffic accidents."

Sergey Morozov, Governor of Ulyanovsk Region, emphasised that the company's agreement to bring production to Ulyanovsk Region is evidence that the region is seen as an attractive area for implementing investment projects. "We have put a lot of effort in to getting the plant to start work by the summer of 2012. As well as playing an economic role it will also be educational as it will give the opportunity for university graduates to have practice at a high-tech factory," announced the region's head.

"Construction of the TAKATA plant, in conditions when the fight for investors is intensifying, shows the competitiveness and interest major international companies and investors have in our region," commented Dmitry Ryabov, Director General of Ulyanovsk Region Development Corporation, OJSC. "I believe that the arrival of such a major representative of the car parts industry will have a positive influence on the development of the car industry, which is a priority for us, and will encourage business development."

Information from IA REGNUM. TAKATA (founded 1933) is a leading global developer and producer of automotive safety systems. Its head office is in Tokyo.

Source: IA REGNUM