AFK “System” has started negotiations for the purchase of the Kaluga plant from Volkswagen, the Kommersant daily reports, citing sources.

AFK “System” began negotiations for the purchase of a Volkswagen plant in Kaluga – “Kommersant”

According to the publication, AFK was going to involve the Kazakh automaker AllurGroup, which has the production sites of Agromashholding and SaryarkaAvtoProm, as well as the AllurAuto dealer and dealer network, in the project.

Kommersant sources report that they plan to restart the site, keeping VW models or cars close to them. Analysts interviewed by the publication point out that this can be achieved by working with VW suppliers from Turkey or with the company’s partners from China.

AFK Sistema hopes to create a machine building holding company through the deal. Currently, there are no such assets within the holding’s perimeter, but in the 2000s, Sistema had a joint venture to assemble Volvo trucks in Zelenograd.

The VW plant in Kaluga began operation in 2007. Its capacity is 225,000 vehicles per year, the site produced Volkswagen Tiguan and Polo models, as well as Skoda Rapid. Since March 2022, the plant has been idle.


anastasia mariana

Source: RB

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