New production of automotive components to be launched in Ulyanovsk region
The agreement was signed between Government of the Ulyanovsk region and International Aluminium Casting Sweden AB at the St. Petersburg International Economic Forum.
“The facility will be placed in the port special economic zone in the Ulyanovsk region. Investments will total 500 million rubles and about 70 jobs will be created. It is very important for us that the international partner selected our region; Ulyanovsk plant will become the first production of this Swedish company in Russia”, – Governor Sergey Morozov noted.
The foreign company is a supplier of aluminum products, more than 40% of which are automotive components for trucks and buses.
“We have been looking for new opportunities and a new market since 2008. Then the first trip to Russia took place, and the company's management considered it as the next step in business development. The plant will be built in Ulyanovsk because its location corresponds to our strategy. We aim to get as close as possible to our current clients and suppliers that include such companies as Volvo, MAN, and Scania. We were also interested in highly skilled personnel working in the region”, – said Folke Sandvik, Chairman of the Board of International Aluminium Casting Sweden AB.
He also noted that the enterprise will be certified according to IATF 16949 standard applicable in the automotive industry. It guarantees high quality of products.
Sergey Vasin, CEO of Ulyanovsk Region Development Corporation, reported that construction of the plant will begin in September 2019. Volvo will become the first client of the Ulyanovsk enterprise.
As a reference:
International Aluminium Casting Sweden AB was founded in 1922. At first the enterprise performed metal mold casting only, but in 1948 it installed first equipment for pressure die-casting. Today there are two plants - in Sweden and Estonia - that make products for partners from both these and other countries.
Clients of the company include Scania, Volvo, Bosch Rexroth, Renault trucks, SAAB Automobile, Parker Hannifin, ABB Group of Companies, AKG Group, Gustavsberg, Dynapac, Hasselblad, and Atlas Copco.