Ukravto And Belgium's Bosal Group To Create JV.

The JV will produce exhaust systems for buses and cars. It will be based in one of AvtoZAZ’s workshops, and will start production in two months. A 51% stake will belong to Bosal Group, with the remaining 49% going Ukravto. Bosal Group announced plans to invest EUR 3 mln in the project. According to the production plan the JV will produce 200 ths systems per year, 60% of which will be delivered to automobile producers in Ukraine and Russia; the rest will go to secondary markets. Ukravto controls 81.6% of AvtoZAZ (ZAZA).