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Siberian Aluminium builds its business

Aviakor's owners expand activities with merger

Published: 10/5/1999

It seems with the recent buyers of Aviakor, Siberian Aluminium group are expanding their industrial activities by merging with electricity producer, Sayansk, in an effort to lower its cost of production of aluminium. Capitalised at around $300 million, the merged company intends to continue to develop its business in several directions, including aircraft manufacture at Aviakor plant (Samara), and car manufacture (several agreements have already been signed with Volkswagen), primarily for the domestic market.

Article ID: 941

 

 

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