Daimler opens new Mercedes-Benz factory near Moscow

By Sean Galea-Pace
The automotive giant, Daimler, has unveiled a new Mercedes-Benz factory near Moscow following a ceremony attended by President Vladimir Putin on Wednesd...

The automotive giant, Daimler, has unveiled a new Mercedes-Benz factory near Moscow following a ceremony attended by President Vladimir Putin on Wednesday (3 April), according to Reuters.

In a move which signifies a rare foreign investment into Russia’s car sector, the plant is the first to be opened by a foreign carmaker in Russia as investment in the automotive industry dries up following western sanctions and a struggling economy.

SEE ALSO:

At the inaugural ceremony, Putin revealed that the plant is set to produce around 25,000 cars annually, with the investment in the project worth over $291mn.

It is expected that the factory will employ nearly 1,000 people following Daimler’s deal with Russia’s authorities at the beginning of 2017.

The automotive market has started to rise again and it was recorded that around 1.8mn cars were sold last year.

Share

Featured Articles

Interview with Matthieu Rambaud, CEO of TRIGO Group

Matthieu Rambaud, CEO of TRIGO Group, is leading the manufacturing technology evolution across the company, while navigating AI & supply chain challenges

Applying the metaverse to the manufacturing industry

Discover six ways in which the ‘industrial metaverse’ can benefit the manufacturing industry to work faster, more efficiently, and at lower costs

Managing supply & demand in pharma manufacturing

Pharma manufacturing supply & demand according to John Swift, Head of Supply Chain at Owen Mumford Pharmaceutical Services

Trend Micro on the future of cybersecurity in manufacturing

Technology

How industrial manufacturers prioritise product development

Technology

Model N’s Chris Shrope: exploring high-tech in manufacturing

Technology