Manufacturing Industry
RUSSIA: Joint venture construction plans for proposed multimillion pound build-operate (BO) brown field auto catalysts manufacturing plant, JOHNSON MATTHEY PLC [UK] & KRASTSVETMET METAL CO. [Russia] Order #: 043506.
WWP-Report on Engineering Construct & Plant Operations in the Developing World, April, 2006
PROJECT OVERVIEW:
Over the last 5 years Russia has emerged as a significant player in the global automotive industry, with many international original equipment manufacturers (OEMs) investing in local manufacturing facilities. In addition, new emissions legislation requiring the use of auto catalysts is expected to come into force the spring of 2006. Hence, the stage is set for local expansion of auto catalyst manufacturing.
As a result, UK-based JOHNSON MATTHEY PLC recently signed a memorandum of understanding (MOU) with the local KRASTSVETMET METAL CO. regarding the construction of a new auto catalysts manufacturing plant in the country. According to the terms of the MOU, the partners intend to secure a brown field site as the first step in a...
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