New Iveco plant in Russia for the Daily range

The joint venture between Iveco, a Fiat Group company, and the industrial group Samotlor-NN, one of the major Russian bodybuilders, established in June, enters its operational phase with Saveco, which is 51% owned by Iveco

This will be for the production in Russia of the Daily, Iveco’s light commercial vehicle used in particular for the transport of goods, minibuses and ambulances.

Today the building of the new Saveco plant has started, in Semonov, in the region of Nizhniy Novgorod. The maximum production capacity in the medium term will be 25,000 units per year of the Daily up to a GVW of 6,5 tonnes. Around 70% of the production will be 5 ton vehicles, and heavier, thus complementing the current offer by local manufacturers with no overlapping.

The Chief Executive Officer of Iveco, Paolo Monferino, gave the green light to the construction site in Semenov today, together with Mr. Valery Pavlinovic Shanzev, Governor of Nizhny Novgorod, during a ceremony attended by representatives of local authorities and an extensive number of local and European media.

“The implementation of this joint venture reconfirms the strong commitment of Iveco – as well as of Fiat Group – to invest in Russia: we do believe that part of our future as a global player has to be built up here. Saveco activities will result in transfer of know-how and technology for the benefit of the joint venture as a whole, besides creating about 2,500 new jobs locally”, Mr Monferino stated.

Iveco

Iveco designs, manufactures, and markets a broad range of light, medium and heavy commercial vehicles, off-road trucks, city and intercity buses and coaches as well as special vehicles for applications such as fire fighting, off-road missions, defence and civil protection.

Iveco employs over 24,500 people and runs 28 production units in 16 Countries in the world using excellent technologies developed in 5 research centres. Besides Europe, the company operates in China, Russia, Australia, Argentina, Brazil, and South Africa. More than 4,600 service outlets in over 100 Countries guarantee technical support wherever in the world an Iveco vehicle is at work.