Mazda May Build New Plant in Russia

TOKYO, Japan - Japan's fifth largest car maker Mazda Motor Corp. may build its own assembly plant in Russia. This was stated by the president of Mazda, Takashi Yamanouchi. According to him, the company will send a delegation to Russia in the near future to explore possible car assembly ventures.

"With our own assembly plant we could compete more successfully with other foreign manufacturers," - said Yamanouchi.

Mazda aims to boost annual global sales to 1.7 million vehicles by March 2016. By then, it plans to sell 300 thousand units in BRIC markets, including Russia.

Toyota and Nissan both are operating car assembly plants in St. Petersburg, while Mitsubishi Motors has a joint car plant with PSA Peugeot-Citroën in Kaluga, in western Russia.