24 Nov 2022 10:59

Nissan's St. Petersburg plant transferred to NAMI

ST. PETERSBURG. Nov 24 (Interfax) - Russian state company NAMI has taken ownership of 100% of shares in Nissan Manufacturing Rus LLC, the Japanese automaker's plant in St. Petersburg.

The relevant changes were made to the company's founding documents on November 23, data from the Unified State Register of Legal Entities showed.

Nissan decided earlier to hand over its Russian plant NAMI for a symbolic price with the option to buy it back within six years. The deal also included the company's research facilities in St. Petersburg and sales and marketing center in Moscow.

It was said at the time that after the transfer of assets to Russia, the employees of Nissan's local division would keep their jobs for 12 months.

Nissan's plant in St. Petersburg opened in June 2009. The company invested $200 million in the first phase, and 167 million euros in expansion. The plant, which has capacity to produce 100,000 vehicles per year, assembled the X-Trail, Murano, Qashqai and Terrano models.