Tuesday, April 26, 2011
ISTANBUL- Hürriyet Daily News
The Tatarstan government is calling on Turkish automotive companies to take part in a $8.5 billion project to boost truck production in the country. As the Trade Minister Ravil Zapirov speaks of incentives and major tax cuts for Turkish investors, the invitation also goes for further investments in Russia’s heart of car production. Several Tatar companies, meanwhile, are seeking Turkish suppliers and partners
 Kamaz automotive company will go through a major renewal process to increase production capacity, says Ravil Zapirov, Industry and Trade Minister of the Republic of Tatarstan (2nd R). |
Turkish carmakers will be welcomed to contribute to the $8.5 billion upgrade plan at Kamaz, Russia’s largest truck maker in Tatarstan, according to a top official.
The automotive company will go through a major renewal process to increase production capacity, Ravil Zapirov, industry and trade minister for the Republic of Tatarstan, told the Hürriyet Daily News & Economic Review during a Monday meeting with Turkish companies.
“The plan is expected to take a few years,” said Zapirov, adding that Turkish firms are also invited to have a share in the $8.5 billion project.
Turkish firms investing capital in Tatarstan would be supported through various incentives and considerable tax cuts reaching 20 percent, he added.
The minister, accompanied by a mission representing of 40 Tatar companies, started its Turkey visit in Istanbul on Monday and continued with a series of bilateral business meetings with the leading automotive supplier firms based in northwestern province of Bursa, Turkey’s automotive hub.
Autopribor, a leading Russian producer of components for cars, busses and trucks, is looking for a Turkish business partner that would be interested in supplying cold forging metals, and non-ferrous metals, a company executive told the Daily News.
Russia’s BZAK, one of the biggest suspension and steering systems components distributor, also eyes joint-ventures with Turkish firms willing to benefit from the competitive advantages of plants located in Russia, the source also said.
Leading Russian automotive firms Elaz, Insermax, Isko, Kamaz, Marussa Motors, Serp & Molot and Termokam are also in search of Turkish suppliers for car parts, he said.
Russian state banks may be involved
The Russian Bank for Development, or VEB, has already provided a $10.7 million loan for Kamaz, Minister Zapirov said. “Russian authorities are ready to support Turkish investors with all kinds of instruments,” he added upon a Daily News question. “Turkey and Tatarstan should cooperate closer in the automotive industry as both countries rank among the top performers in terms of production capacity.”
“As home to 13 techno parks Tatarstan offers great investment opportunities for the automotive industry,” according to him.
The specialized zone of Alabuga in Tatarstan is awaiting Turkish firms to invest freely with a decent infrastructure, he said.
Alabuga, considered as one of the most vibrant industrial zones in whole Russia, encompasses 20,000 square meters of land.
The automotive company will go through a major renewal process to increase production capacity, Ravil Zapirov, industry and trade minister for the Republic of Tatarstan, told the Hürriyet Daily News & Economic Review during a Monday meeting with Turkish companies.
“The plan is expected to take a few years,” said Zapirov, adding that Turkish firms are also invited to have a share in the $8.5 billion project.
Turkish firms investing capital in Tatarstan would be supported through various incentives and considerable tax cuts reaching 20 percent, he added.
The minister, accompanied by a mission representing of 40 Tatar companies, started its Turkey visit in Istanbul on Monday and continued with a series of bilateral business meetings with the leading automotive supplier firms based in northwestern province of Bursa, Turkey’s automotive hub.
Autopribor, a leading Russian producer of components for cars, busses and trucks, is looking for a Turkish business partner that would be interested in supplying cold forging metals, and non-ferrous metals, a company executive told the Daily News.
Russia’s BZAK, one of the biggest suspension and steering systems components distributor, also eyes joint-ventures with Turkish firms willing to benefit from the competitive advantages of plants located in Russia, the source also said.
Leading Russian automotive firms Elaz, Insermax, Isko, Kamaz, Marussa Motors, Serp & Molot and Termokam are also in search of Turkish suppliers for car parts, he said.
Russian state banks may be involved
The Russian Bank for Development, or VEB, has already provided a $10.7 million loan for Kamaz, Minister Zapirov said. “Russian authorities are ready to support Turkish investors with all kinds of instruments,” he added upon a Daily News question. “Turkey and Tatarstan should cooperate closer in the automotive industry as both countries rank among the top performers in terms of production capacity.”
“As home to 13 techno parks Tatarstan offers great investment opportunities for the automotive industry,” according to him.
The specialized zone of Alabuga in Tatarstan is awaiting Turkish firms to invest freely with a decent infrastructure, he said.
Alabuga, considered as one of the most vibrant industrial zones in whole Russia, encompasses 20,000 square meters of land.
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