October 08, 2008

Mitsubishi to ink pact for assembly plant at Kaluga

Interfax cited Mr Dmitry Levchenkov deputy head of investment policy at the Russian Economic Development and Trade Ministry as saying that Mitsubishi will sign an agreement with Russia's Kaluga region on the construction of an assembly plant by the end of this quarter.

He said "The agreement will be signed during the first quarter."

Mr Levchenkov said Mitsubishi is thinking of building and operating some production capacity in conjunction with Peugeot Citroen. He said the companies will have separate assembly lines, but they could combine welding and painting shops. The companies are discussing this issue.