New Avtovaz-Azia Avto JV to be launched in 2016

New Avtovaz-Azia Avto JV: Russia’s  AvtoVAZ and Kazakhstan’s Azia Avto have announced that they are to jointly build a new car plant in 2016 with a projected capacity of 120,000 units a year. Total investment in the plant is expected to be KZT100bn, with AvtoVAZ putting up 25%. ITAR-TASS