VW lays foundation stone for new engine plant

Volkswagen AG has announced that it is expanding its industrial activities in Russia wherein the new engine plant is being built on an area of 30,000 square meters, close to the Volkswagen car plant in Kaluga. The planned yearly capacity will be 150,000 units. In the future produced in Kaluga unit is a 1.6-liter petrol engine, the EA series 211 and thus to modern technology units of Volkswagen. Start of production is planned for early 2015. From 2015, the Group will provide its vehicle production in Kaluga and contract manufacturing in the GAZ plant in Nizhny Novgorod with the latest engines from local manufacturing. At the official groundbreaking ceremony for the new units work today took Russian Prime Minister Dmitry Medvedev, the Governor of Kaluga oblast Anatoly Artamonov and Dr. Michael Macht, Member of the Board of Volkswagen Aktiengesellschaft for the Division, Group Production 'part. "The main building blocks of our success in Russia are our Russian production sites. The new engine plant in Kaluga, we supplement our local production capacity fit with modern components and technology to strengthen our position in the Russian market, "Dr Power said during the groundbreaking ceremony in Kaluga. The Volkswagen Group is the largest foreign investor in Russia automobile. Since 2006, approximately one billion euros flowed into the local production and new models for Russia. Only a week ago, the Group announced to invest over the next three years to a further 840 million euros in Russia. Of which receive about 250 million euros in the construction of the new engine plant. The relevant contract Prof. Dr. Martin Winterkorn, CEO of Volkswagen Aktiengesellschaft, and Governor Anatoly Artamonov had signed in August this year in Moscow.