A car plant with the volume of production of 120,000 Lada cars a year will be built in Kazakhstan. As the AVTOVAZ press centre reported, a memorandum on strategic partnership to create full cycle car production was concluded in Ust-Kamenogorsk (Kazakhstan) on Thursday. The document was signed by AVTOVAZ president Igor Komarov, head of the East-Kazakhstan Region Berdybek Saparbayev, chairman of the council of directors of the group of companies BIPEK AVTO Anatoly Balushkin and president of the company AZIA AVTO Yerzhan Mandiyev, Itar-Tass reported.
It is planned that the construction of the plant will begin in the East-Kazakhstan Region in 2012. The launch of the first stage of production (90,000 cars a year) is planned in 2015 and the second stage (another 30,000 cars a year) - - in 2017. The volume of investments is about 500 million dollars.
The cars made in Kazakhstan will be sold in the markets of Central Asia, the Trans-Caucasus, the Siberian and Far Eastern Districts of Russia.