Date: 7 months ago   Category: Industry

The Sollers group has refused assembly of UAZ in Vietnam because of requirements for localization — Rambler News Service


Photo: Konstantin Kokoshkin/Russian Look the Sollers Group which planned to begin assembly of cars UAZ in Vietnam earlier has refused production of SUVs in this country, the co-owner of group Vadim Shvetsov on fields of East economic forum "Has told journalists those agreements which have been signed (with Vietnam), they aren't realizuyema because Vietnamese rigidly ask that there was a localization of 40%. At such volumes localization is simply impossible. If to follow conditions which are demanded by Vietnamese, to us never to start production even if we will make one plant on all. I don't trust in exceptions for us some. For our brands I don't see the scale which will allow to pay back investments, and it has to be localization rather large" — he has told, commenting on a question of whether it managed to the company to begin release of UAZ in Vietnam. Earlier in 2017 Shvetsov reported, the intergovernmental agreement between Russia and Vietnam provides stage-by-stage implementation of the project with gradual localization and an industrial assembly. Shvetsov has added that at an initial stage UAZ plans to export finished goods to Vietnam, and in 2018 to pass to an industrial assembly.

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