Thursday, October 17, 2019
The introduction of U.S. sanctions against GAZ, combined with the continued downturn in the Russian light commercial vehicle market, is forcing the Russian vehicle maker to consider introducing a four-day working week, Automotive Logistics reports. Gaz is looking to move to a shorter working week from October 21 until April...
Russia’s Federal Customs Service said on Tuesday that exports of cars from the country from January to August this year increased by 27.8% compared to the same period in 2018 to 73,400 cars, Prime news agency reports. Exports of trucks remained almost at the same level and amounted to 8,400...
Operating conditions in Russia’s manufacturing sector deteriorated in September, recording the biggest decline since the country’s financial crisis, according to IHS Markit’s influential purchasing managers’ index (PMI).  The indicator of business conditions in the manufacturing industry fell to a score of 46.3 for September, with readings below 50 signalling the...
The Russian dealer of British luxury carmaker Bentley, Volkswagen Group Rus, will recall 37 Continental model cars in Russia, the country’s Federal Agency for Technical Regulation and Metrology (Rosstandart) said on Friday, according to TASS. Cars sold in 2019 will be recalled, the agency said. "The reason for the recall...
Investment tax deductions for companies working on social projects in the Arctic, an idea initiated by mining and metals giant Nornickel, could boost development in Russia’s North, experts told TASS. "We suggest introducing an investment tax deduction in implementation of social projects," Nornickel’s Vice President Dmitry Pristanskov said at the...
Sales of luxury cars in Russia in 2019 have declined by 10.7%, Kommersant reports citing data published by Avtostat. A total of 867 Luxury cars were sold, with the leader being Mercedes-Maybach (310 units), which accounts for 36% of the total luxury car market. At the same time, Mercedes-Maybach, Aston Martin and...
Austrian manufacturer of flexible packaging Constantia Flexibles has completed its acquisition of a majority stake in the Russian group of companies TT, Plastics in Packaging reported.  Now known as Constantia TT, the plant in Voskresensk mainly produces packaging for the pharmaceutical industry. Constantia TT is the second plant of Constantia...
Russian President Vladimir Putin criticized the pace of civilian production in the country’s defense industry complex and suggested further diversification in the sector’s state-run enterprises, TASS reports. "The share of civilian products in 2018 was nearly 21%. It might look not bad. I believe, though, that this pace is insufficient,"...
A steel mill in Cherepovets, the home town of Severstal owner Alexey Mordashov is a new attraction to tourists looking to go beyond the well-trodden path to Saint Basil’s Cathedral and St. Petersburg’s Hermitage, Bloomberg writes.  The facility undertook an $8 million face-lift devised by the studio of Artemy Lebedev,...
The number of industrial robot units in Russia increased by 42% to 1,007 units in 2018, Vedomosti reported on Thursday citing data by the International Federation of Robotechnics (IFR). However, the market remains negligible with five robots per 10,000 employees versus a global average of 99. In terms of sales...