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Jul 17, 2006

Production - Ukraine - LuAZ and one of China’s largest carmakers sign contract

Kyiv,Ukraine -Kyiv Post (subscription), by Orysia Kulick -Jul 13 2006: -- Ukraine’s second largest car producer, the Lutsk Motor Plant (LuAZ), and one of China’s largest carmakers, Dongfeng Motor Corporation, signed a contract June 30 to jointly develop a new freight and cargo truck manufacturing plant in Cherkasy Region... In a recent press release, LuAZ announced that the new facility will produce freight and cargo trucks with a capacity of 2-10 tons, and is expected to be operational by the end of 2007. The plant will have the capacity to produce 12,000 freight and cargo trucks annually and potentially about 1,000 new jobs as early as next year...

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