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 FordSollers And Leading Russian and International Auto Component Suppliers Discuss Localisation of Automotive Components In Russia 

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ELABUGA, Russian Federation – FordSollers staged a conference in Elabuga, Tatarstan earlier this week for auto component suppliers to discuss localisation of automotive components in Russia. More than 200 leading Russian and international executives  took part in the event.

Among the participants were Stephen Odell, chairman and CEO, Ford of Europe, Vadim Shvetsov, Sollers CEO, Ted Cannis, president and CEO, FordSollers; Adil Shirinov, executive director and COO, FordSollers; Alexey Rakhmanov, Deputy Minister of Industry and Trade of the Russian Federation, and Ravil Zaripov, Minister of Industry and Trade of The Republic of Tatarstan.

The main themes of the conference were:
• The current status of the Russian automotive market and development opportunities available to auto component manufacturers.
• The presence of global suppliers in Russia and their capabilities.
• The investment opportunities in Tatarstan.
• The involvement and choice of auto component manufacturers to help Ford achieve its parts localisation targets for its Russian-built vehicles.
 
“The FordSollers joint venture is an important project for the Republic. Tatarstan has a developed infrastructure for business and we are ready to support this project development at the highest level,” said Rustam Minnikhanov, the president of the Republic of Tatarstan. “We are very focused on the development of the Republic of Tatarstan – and the Alabuga special economic zone in particular – and we are ready to support investors”.

Ted Cannis, president and CEO, FordSollers added: “The conference is an important event for the development of FordSollers in Russia. We want to inform our potential supplier partners about the plans for the joint venture and the work required to localise a greater percentage of our components. Russia has a great potential for auto supplier investment, and we hope that in the near future we will be able to find more partners of the same caliber as Ford has in other countries.”

Adil Shirinov, executive director and COO, FordSollers, stated:  “The localisation project and our planned increase in production volume will give FordSollers great opportunities for growth, and will help to further improve our competitiveness. Greater localisation of components will help us to reduce our cost while also bringing jobs and growth to our component suppliers.

“From the auto production point of view, the Republic of Tatarstan represents an ideal region with its advantageous geographical location, its raw materials base, and the opportunities for its development to meet our needs. Tatarstan also is very keen to integrate into the global auto industry, to cooperate with global component suppliers, and to provide conditions for the creation of modern, competitive world-class production facilities. Russia and Tatarstan have every opportunity to be among the leaders as regions for auto component suppliers.”

  

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4/27/2012 2:00 AM