In Ulyanovsk will establish a joint production of UAZ and Isuzu

© RIA Novosti / Pavel to Listenpreise in fotomonster UAZ. Archival photoIn Ulyanovsk will establish a joint production of UAZ and Isuzu© RIA Novosti / Pavel to Listenpreise the image Bank

Joint venture Sollers and Isuzu for the production of medium-duty trucks under the brands UAZ and Isuzu will be based on the Ulyanovsk industrial Park UAZ; the corresponding spetsinvestproject between the Ministry of industry and trade of the Russian Federation and LLC «Sollers-Isuzu» approved by the interdepartmental Commission, the press service of the government of Ulyanovsk region.

«The total investment in the project will exceed six billion rubles. With a large share directed to R & d and development of new technologies. During project implementation it is planned to provide a localization level of over 80%, including the engine, transmission, frame, system, electronic engine control, ADAS systems, and other components. In addition to the localization of the nodes and units, the project will use Russian and casting materials,» — said in the message.

As noted by the Governor of the Ulyanovsk region Sergey Morozov, the automotive industry is a priority sector for the region. «In 2012, the region began assembling commercial vehicles «Isuzu». Today the company produces a full line of trucks weighing from three to 33 tons, the range includes almost 50 modifications. Also in the region started the production of buses SIMAZ on the chassis «Isuzu». The next step is the joint production of cars of brands UAZ and ISUZU, which will strengthen our position in the Russian and foreign markets», — the press service quoted the words of Morozov.

The press service reminded that in 2016 specinvtehnica become a key tool for stimulating investment in production.

«The emergence of this mechanism proved to be very timely. Value specinvtehnica that the effect of implementation covers all key areas of our industrial policy — from promoting localization, technological modernization and export promotion to import substitution, technology transfer and creating new promising industries. This is the main and quite measurable criteria that when considering applications for the conclusion specinvtehnica taken into account in the first place. This eliminates the subjective component in the evaluation of projects», — the press service quoted the Deputy head of the Ministry of industry and trade of Russia Vasily Osmakova.

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