5 Apr '11
Auto giant GAZ Group and Swedish fastening details manufacturer Bulten, which is a part of international industrial group FinnvedenBulten, intend to create a JV to produce fastening details for car industry, GAZ Group reports.
Investment in the project has yet to be disclosed.
The new complex is reportedly to be launched at premises of GAZ plant in Nizhny Novgorod.
Production is scheduled to be launched in 2012.