Automotive Component Manufacturing Facility to Be Opened in Zavolzhye Industrial Park
The agreement on implementation of the investment project was signed on 16 February by Aleksey Russkikh (Governor of Ulyanovsk Region), Sergey Vasin (Director General of the Ulyanovsk Region Development Corporation) and Taner Ali Karslyoglu (Head of Feka Automotive).
“Zavolzhye Industrial Park is one of the key regional sites to place new production facilities at. About two dozen Russian and foreign companies have already successfully implemented their projects here. More than 2500 people from Ulyanovsk are employed by companies operating in the park. The new project of our partner from Turkey will create about 150 new high-tech jobs for residents of the region,” said Aleksey Russkikh.
The project's investments account for at least 300 million rubles. According to Sergey Vasin, CEO of the Ulyanovsk Region Development Corporation, the company will make various automotive components such as side-view mirrors and systems of internal and external lighting. Implementation of the project is expected to start in the second quarter of 2023.
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Zavolzhye Industrial Park is one of the most effective sites in the country in terms of tax efficiency: one ruble of budget funds invested in its infrastructure has already brought about 19.8 rubles of tax payments and 30.6 rubles of investments by park residents. Over ten years, they have provided about 26 billion rubles to the regional budget. Among the companies working in the park are major international companies, such as DMG MORI, Bridgestone, Joyson Safety Systems, Schaeffler, Jokey Plastik, Legrand, Nemak, MARS, AB InBev EFES, and others.