06/04/2016 The first special investment contract will be signed with «Mazda Sollers Manufacturing Rus»

Russian Automotive Market Research

The interdepartmental commission of the Ministry of Industry and Trade approved the first federal special investment contract with the joint venture «Mazda Sollers Manufacturing Rus» (partners own 50% each). The contract, which will be valid till 2023, will be signed until the end of April of the current year.

Under a special investment contract «Mazda Sollers Manufacturing Rus», having invested 2 billion rubles, organizes the production of engines in Vladivostok with the capacity of 50 thousand units. The company will also launch the production of updated Mazda 6 and Mazda CX-5.

During the contract term the JV will keep privileges for transportation of cars by rail from Vladivostok, as well as will receive the guaranteed right to participate in state programs aimed to support the automotive market and automobile production. The joint venture wanted to get customs exemptions, but this measure was not approved. The matter concerned a discount for the import of technological equipment, but JV can receive it if it becomes a resident of a special economic zone in Vladivostok, the application for registration has been already filed.