TagAZ will start producing cars again
- July 8, 2022
- 0
In 1997, the Taganrog Automobile Plant appeared in the facilities of the Taganrog Combine Plant, which began producing cars under license from South Korean Daewoo Motors. At the
In 1997, the Taganrog Automobile Plant appeared in the facilities of the Taganrog Combine Plant, which began producing cars under license from South Korean Daewoo Motors. At the beginning of the 2000s, Hyundai Motor Company became the new partner of TagAZ and soon the company started producing its main hits – Accent and Sonata sedans. Then it seemed that the assembly site was waiting for an exceptionally bright future.
With the outbreak of the global financial crisis in 2009, TagAZ production tripled, and the debt to banks amounted to 20 billion rubles. In 2010, the debt to most creditors was restructured, leaving only the debt to VTB Bank. In addition, with whom we have agreed, Vladimir Putin has provided personal assistance.
However, in early April 2012, the Arbitration Court of the Rostov Region received another claim … to declare the factory bankrupt. This time from the company itself. After that, a wave of layoffs started and in 2014 TagAZ was declared bankrupt.
According to Drom, the site will now become the basis for a future factory for the production of agricultural and municipal equipment. It will be built by the Rostselmash company, which will require about 1.5 billion rubles in investment.
After production has started, we will start producing trailers and attachments. We also plan to produce self-propelled sprayers and other agricultural and municipal equipment,” said Valery Maltsev, director general of Rostselmash.
So soon TagAZ will start producing cars again, but agricultural and commercial vehicles. And that’s good too. After all, the inhabitants of Taganarozh, who have long lost hope of a revival of production, will be able to go back to work.
By the way, the Taganrog Automobile Plant may become the property of … Andrey Razin. At the bankrupt company of the producer of the Laskovy May group, he planned to resume production of cars and commercial vehicles.
With the outbreak of the global financial crisis in 2009, TagAZ production tripled, and the debt to banks amounted to 20 billion rubles. In 2010, the debt to most creditors was restructured, leaving only the debt to VTB Bank. In addition, with whom we have agreed, Vladimir Putin has provided personal assistance.
However, in early April 2012, the Arbitration Court of the Rostov Region received another claim … to declare the factory bankrupt. This time from the company itself. After that, a wave of layoffs started and in 2014 TagAZ was declared bankrupt.
According to Drom, the site will now become the basis for a future factory for the production of agricultural and municipal equipment. It will be built by the Rostselmash company, which will require about 1.5 billion rubles in investment.
After production has started, we will start producing trailers and attachments. We also plan to produce self-propelled sprayers and other agricultural and municipal equipment,” said Valery Maltsev, director general of Rostselmash.
So soon TagAZ will start producing cars again, but agricultural and commercial vehicles. And that’s good too. After all, the inhabitants of Taganarozh, who have long lost hope of a revival of production, will be able to go back to work.
By the way, the Taganrog Automobile Plant may become the property of … Andrey Razin. At the bankrupt company of the producer of the Laskovy May group, he planned to resume production of cars and commercial vehicles.
Source: Avto Vzglyad
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
