29 Aug 2023 15:22

Turkey's Coskunoz launches 1 bln ruble facility in Tatarstan to produce AvtoVAZ chassis parts

KAZAN. Aug 29 (Interfax) - Coskunoz Alabuga LLC in Tatarstan, part of the Turkish Coskunoz Holding, has launched serial production of AvtoVAZ chassis parts in the Alabuga Special Economic Zone, the press service of the Industrial Development Fund, who funded the project, said.

Production capacity is 14 million one-piece forged and composite metal chassis parts - suspensions and axles - per year. Investments in the project total 1 billion rubles.

Coskunoz Alabuga delivered the first shipment of suspension parts for Lada Vesta to AvtoVAZ in July 2023. The launch of mass production of parts for the Lada Granta is scheduled for the near future, the report says.

"In the future, the company intends to launch the production of other chassis parts that will be used in the assembly-line production of domestic and foreign-branded cars localized in Russia," the Fund said.

Coskunoz Alabuga has been operating since 2014, producing stamped car parts. Until recently, the main customers of the enterprise were Ford Sollers , KAMAZ and Mercedes-Benz.

The Industrial Development Fund announced its intention to provide Coskunoz Alabuga with a loan for the creation of a press shop for stamping chassis parts in December 2019. The project involves the introduction of new technologies for stamping axles and suspensions intended for a new unified platform for Lada and Renault cars, a Fund press release said at the time.

The Alabuga Special Economic Zone was established in 2006 and belongs to the Republic Tatarstan.