Source Pravda.Ru

Severstal's Automobile Division Ready for International Cooperation

OAO Severstal's management has made a strategic decision to position its automobile division as a supplier of metal spare parts for national and international car producers in Russia. Severstal's Deputy General Manager and head of the division Vadim Shvetsov announced the decision at the Investments into Russian Automobile Industry conference in Moscow yesterday. The conference is organised by the Adam Smith Institute. As Severstal's press centre reported, Mr. Shvetsov is convinced that in case investment conditions are made favourable for foreign car producers, the government would design a set of strict rules regulating local production of spare parts. In the beginning it will be a question of simple details, but with time technology-intensive parts, like engines and transmissions, will also be produced locally. That was how things were developing in China and India, where high car import taxes stimulated local assembly from locally produced branded spare parts.

Mr. Shvetsov pointed out that there is no successful joint production facility in Russia at this moment. In his opinions this is due to the fact that the market in Russia has not been fully understood yet. Many of the foreign producers lack the necessary corporate flexibility. Producing spare parts locally is also a challenge, many of the Russian car producers having outdated equipment and lacking financial strength.

Mr. Shvetsov pointed out that Severstal is fully prepared to cooperate with foreign producers and work on joint projects to set up assembly lines in Russia.

Visit to &to=http://www.stal.ru/eng/company/' target=_blank>Severstal

&to=http://www.rosbalt.com' target=_blank>RosBalt

My article The True Judas discussed the theory that Judas's actions in betraying Jesus were motivated by a misunderstanding of Christ's mission and purpose.

America's judases, part two: Gladys Knight

The United Kingdom stands fatally divided between nations, regions, generations, on the edge of a critical fault line which threatens the future of the Union.

Brexit: UK caught between the past and the future

The United Kingdom stands fatally divided between nations, regions, generations, on the edge of a critical fault line which threatens the future of the Union.

Brexit: UK caught between the past and the future
Comments
Americans, never give up your guns
Homosexuality and the Decline in American Values
Russian bomber crashes in Novgorod region
America's judases, part two: Gladys Knight
WaPo's Distorted Year in Review
Brexit: UK caught between the past and the future
Two Su-34 fighters touch wings in midair and crash into the sea in Russia's Far East
Dumped by the Trump that Americans Deserved
The Russians will soon wake up to lose two Kuril Islands to Japan
The Russians will soon wake up to lose two Kuril Islands to Japan
The scandal of skewed reporting
The scandal of skewed reporting
US Economic War on China
Russia's 2018: Confidence in Putin gone
Brexit: UK caught between the past and the future
Russian Foreign Ministry on Syria, Ukraine, and Phony US Election Meddling
Russian Foreign Ministry on Syria, Ukraine, and Phony US Election Meddling
Russian Foreign Ministry on Syria, Ukraine, and Phony US Election Meddling
Russian Foreign Ministry on Syria, Ukraine, and Phony US Election Meddling
Russian Foreign Ministry on Syria, Ukraine, and Phony US Election Meddling
Russia's Status-6 'doomsday weapon' nullifies all of American military projects