Russia: Gestamp-Severstal JVs begin ops

Gestamp and Severstal have begun operations at two joint ventures in the Grabtsevo industrial park, Kaluga. The combined investments are worth €129m (US$164m), and will create around 200 new jobs. Metal parts production began on Tuesday (13 July) at Gestamp-Severstal-Kaluga Stamping Facility. The joint venture, which is majority-owned by Gestamp, has Subscribe to Automotive World … Continued

• By Webmaster
• July 14, 2010