German-Japanese automotive components company Takata-Petri is planning to build a new parts production plant in Russia
The firm, an offshoot of Japan’s Takata Corporation, a global supplier of vehicle safety components, is proposing to manufacture products including air bags, safety belts and steering wheels.. Latest information indicates a likely development by the company in Ulyanovsk on the Volga River, where it has earmarked a 10 hectare site in the city’s Zavolzhye industrial zone for the plant. The $33m facility would have an annual production capacity of 500,000 parts per year. Earlier in the year, senior executives from the company, based in Aschaffenburg, Germany, discussed its project with leading government officials in Tatarstan, including its prime minister Rustam Minnikhanov. Takata-Petri, formed when Takata took over German steering wheel producer Petri, has other European plants in Poland, Czech Republic, France and Germany, in addition to units in China, India, South Korea, Malaysia and the Philippines.