At the end of the year in the industrial park Rosva Kaluga region will begin construction of a new plant Continental.

Continental Corporation decided on the ground for tire plant in Russia. Production of tires will be built in Kaluga, the investment in the project is 220 million euros. There's also the German company is going to create a company for the production of automotive components, which will complement the existing production in the region at the "Avtel."

As reported in Friday's Continental, he was at the end of this year will start building a tire factory in Kaluga. "Investment in the project is 220 million euros, and the start of production is planned for the end of 2013," — said the German company.

As reported earlier RBC daily, manual Continental Long chose the site for its own plant in Russia. Kaluga from the very beginning was among the candidates due to its proximity to Moscow. However, the final decision was made a few days ago.

Capacity of the plant in the first phase will be four million tires per year. Subsequently, it can grow up to 8 million a year, and then, in the long term, and up to 12 million tires a year. The first will be released summer and winter tires under the brands Continental, Gislaved, Barum and Matador.

Also tomorrow, Kaluga region in the presence of the Governor Anatoly Artamonov will sign another agreement with Continental automotive components for the construction of the plant. The company already has a plant "Avtel" in the region, which produces a variety of automotive electronics. According to the representative of Continental, the new plant is expected to produce a spark plug and supply systems of gaseous and liquid fuels.

Previously, Continental said that in selecting a site focused primarily on its customers: factories are located in Kaluga, a joint venture of Volkswagen and PSA Peugeot Citroen and Mitsubishi Motors, which the German company is in talks on cooperation. In Volkswagen declined to comment, citing the fact that the negotiations on cooperation is not yet completed. "We are working with the" Sibur — Russian Tyres "and" Nizhnekamskshina ", but are interested in expanding the number of suppliers in order to avoid possible disruptions in supply," — said the representative of Volkswagen Julia Karulina.

In Continental also noted that the tires from the new plant will be supplied for both aftermarket and original equipment. Now the company is already working with Ford, Renault, AvtoVAZ and Volkswagen.

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