Johnson Matthey
has signed a Memorandum of Understanding (MOU) with the First Deputy Governor of Russia's Krasnoyarsk Region, and the General Director of the Krastsvetmet Metal Company to build an autocatalyst manufacturing plant in Russia. The site is located within the boundary of the Krastsvetmet's facility in Krasnoyarsk, Siberia.
According to Johnson Matthey, Russia has emerged as a significant player in the global automotive industry over the past five years, with many international original equipment manufacturers (OEMs) investing in local manufacturing facilities.
Johnson Matthey plans to build a plant to manufacture emission control catalysts for a wide range of both diesel and petrol powered vehicles for the local Russian market, which will see emissions legislation requiring the use of autocatalysts come into force this spring.
The new factory will be wholly owned and operated by Johnson Matthey. Under the terms of the MOU, the new facility will purchase precious metal salts from Krastsvetmet for use in the manufacture of autocatalysts. The site has direct on-site access to the Trans Siberian Railway, which will provide daily logistical links to the rest of the Russian Federation.
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I´d have to say - ´help´ - in the longer term. It is well recognised that productivity in the UK lags well behind our major industrial competitors and...