ERJ staff report (LMH)
Moscow -- Foreign automakers will be the drivers of the industry development for components in Russia. This was the conclusion drawn at a business seminar organised by the Russian National Association of Automotive Components (NAPAK), the Association of Automotive Component Manufacturers of India (ACMA) and the Trade Delegation of the Russian Federation in India, according to HaloPolymer, a Russian manufacturer of fluorinated polymers.
In 2011, the production volume of vehicles in Russia grew by 40 percent compared with 2010, reaching nearly two million units. The bulk of production (1.75 million units, or 87.4 percent) was passenger cars, whose production increased by 44.8 percent compared with the 2010 production of vehicles.
In 2000, 93 percent of all new cars in Russia were domestic brands, and only 7 percent were imported. However, the arrival of foreign manufacturers in Russia has completely changed the picture, HaloPolymer said. In 2010, they accounted for 30 percent of new cars. HaloPolymer said that according to NAPAK experts, the passenger car segment has the highest potential for growth in the Russian automotive market.
In a separate 20 July announcement on its website, NAPAK also predicted that the Russian car marker would become the biggest in Europe by 2014, outstripping Germany.
More and more international brands have localised their business in Russia or are planning to do so, and law requires that they must bring the localisation of production processes up to 60 percent, HaloPolymer said in a 26 July news release.
"Foreign automakers who came to Russia can in turn become a driver for the development of production of car components in Russia,â€ said Maxim Doroshkevich, CEO of HaloPolymer Holding.
He added that Russian companies will have to meet international standards in order to grow their businesses. â€œThe Halopolymer holding companies together with the manufacturers of automotive components today cannot simply carry out orders for the already-formed patterns, we are ready to implement a full range of R&D, developing new products to meet the needs of automakers."
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Press release from HaloPolymer