Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

GKN Driveline expands into Russia  Join our daily free Newsletter

MENAFN - - 1/15/2014 7:13:27 AM

Add to Mixx!

(Menafn - M2 PRESSWIRE via COMTEX)

GKN Driveline expands into Russia

Jan 15, 2014 (Menafn - M2 PRESSWIRE via COMTEX) --GKN Driveline, part of global Automotive and Aerospace engineering group GKN plc, is strengthening its global footprint with a new automotive manufacturing operation in the increasingly important Russian market.

GKN Driveline is to initially open a 5,000 square metre plant in Togliatti, a city in the Volga region of Russia, where a number of large car manufacturers are already based. GKN production of constant velocity jointed sideshafts for a number of automotive customers is expected to commence in early 2015.

Andrew Reynolds Smith, CEO GKN Automotive, said: "Russia is a key growth market for car manufacturers and this is an important step for GKN.

A key part of our strategy is to continue the development of our global footprint, building the capability to add more value for our customers across a range of Driveline products.

"GKN already supplies Driveline products to many of the large car manufacturers in Russia, but the new plant, which is the first of its kind in the country, will offer locally-produced products together with the excellent service our customers already expect from GKN."

The Russian automotive industry produces over two million cars each year. Production is forecast to grow driven by increasing demand and government policies that are aimed at creating new production facilities and additional investment in the automotive market.


GKN plc is a global engineering group -- our technologies and products are at the heart of vehicles and aircraft produced by the world's leading manufacturers. GKN operates four divisions: GKN Driveline, GKN Powder Metallurgy, GKN Aerospace and GKN Land Systems. Approximately 48,000 people work in GKN companies and joint ventures in more than 30 countries. We harness our considerable technology and manufacturing resources to supply the highest quality systems, structures, components and services.


GKN Driveline is the world's leading supplier of automotive driveline components and systems. As a global company serving the world's leading vehicle manufacturers, GKN Driveline develops, builds and supplies an extensive range of automotive driveline components -- for use in the smallest ultra low-cost car to the most sophisticated premium vehicle demanding the most complex driving dynamics.

GKN Driveline is a leading global producer of CVJ Systems, AWD Systems, Trans Axle Solutions and eDrive Systems and operates in 23 countries at 57 locations employing approximately 22,000 people.

((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.com on the world wide web. Inquiries to info@m2.com.


International Provider
Apr 18, 2014 Falco Pacific Files NI 43-101 Technical Report on Horne 5 Deposit, Marketwire Canada
Apr 18, 2014 Falco Pacific Files NI 43-101 Technical Report on Horne 5 Deposit, Marketwire
Apr 18, 2014 Seanergy Maritime Holdings Corp. Announces Availability of Its 2013 Annual Report on Form 20-F, Marketwire
Apr 18, 2014 Law professor to argue case at Supreme Court, University Wire
Apr 18, 2014 Westcore Announces Filing of Financial Statements and Coal Asset Write-Down, Marketwire
Apr 18, 2014 Westcore Announces Filing of Financial Statements and Coal Asset Write-Down, Marketwire Canada
Apr 17, 2014 Chem-Dry Signs Master Franchise Deal in India, Marketwire
Apr 17, 2014 China Lodging Group, Limited (HTHT) Filed 2013 Annual Report on Form 20-F, GlobeNewswire
Apr 17, 2014 Home BancShares, Inc. and Florida Traditions Bank Announce Pending Business Combination, GlobeNewswire
Apr 17, 2014 Vivakor Exceeds Expectations on Metals Production for Q1 2014 From Metals Division, Marketwire

Live Currency Rates



Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Investment Game
Economic Calendar
Financial Glossary

Portfolio Tracker


Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help