Steering System LLC to Build Second Plant in Togliatti

Once built, it will allow the company to boost capacity and simplify logistics of steering systems destined for use in AvtoVAZ cars. The company also may switch production from its existing Togliatti site to the new plant in the special economic zone, local newswire RBK Daily reports, citing sources at Russia’s National Association of Automotive Component Manufacturers (NAPAK). The volume of investment required to complete the project has not been disclosed yet. Steering System LLC

The company currently produces power steering modules for Lada 110, Priora, 4x4/Niva and Chevrolet Niva cars, with a projected annual volume of 200 thousand units in 2012.