Valmet Automotive to produce in Russia

17 Apr 2008

The finnish company Valmet Automotive is looking into building a new factory near St. Petersburg, Russia. The representatives, who are part of the Finno-Russian Chamber of Commerce visit, are in Russia to establish connections and check the local conditions, but no decisions have been made yet.

According to chief executive, Ilpo Korhonen, it is necessary to keep posted on the quickly growing automobile market in Russia, but there have been no negotiations so far. If Valmet Automotive builds its car assembly the headquater in Finland would not be affected.