Ssangyong Motor Co. Ltd. signs a long-term agreement to ship 168,000 completely knocked- down vehicles to OAO Sollersâ€™ Dalny VostokSollers plant in Vladivostok, in Russiaâ€™s Far East.
The deal, which includes the upcoming C200 (called the Korando C in Korea), Rexton, Kyron and Actyon Sports, is expected to help revive the SUV maker, which currently is under a court-led restructuring. The agreement includes 12,000 CKD kits to be exported this year and is slated to run through 2017.
Sollers just concluded the transfer of output of the Ssangyong Rexton II to the new Vladivostok plant from its production facilities in Naberezhnye Chelny, consolidating all Ssangyong assembly in the new facility.
Formerly called OAO Severstal-Avto, OAO Sollers changed its name in 2008 following formation of a joint venture withAutomobiles SpA and Motors Ltd.
The company also owns Ulyanovsky Avtomobilny Zavod in Ulyanovsk, which manufactures 4-wheel-drive vehicles and light-commercial vehicles, as well as engine manufacturer OAO Zavolzhsky Motorny Zavod, located in the countryâ€™s Nizhny Novgorod region.
In the yearâ€™s first quarter, Sollers reported it produced 2,400 Ssangyong vehicles in Russia and sold 2,481, a 5% decline from like 2009.