Sollers localizes production of passive safety systems

Sollers Group will launch its own production of automobile steering wheels, belts and airbags. Project will be implemented jointly with a Chinese partner on the basis of its technologies. Production will be located on the premises of the industrial park of the Ulyanovsk Automobile Plant. Investment volume in the project at the first stage will amount to approximately ₽1.5 billion. Money the company plans to raise through a loan from the Industrial Development Fund.