Ssangyong Motor

South Korean car manufacturer SsangYong Motor is planning to start the production of its off-road model
Rexton in Russia, the company's Russian partner, Severstal-Auto said Monday.

Sales of SsangYong Motor's 2001 model Rexton began in Russia in 2003.

Vadim Shvetsov, director of Severstal-Auto, announced that his company was due to build up a new production
facility for the joint project in the near future.

SsangYong will deliver and install machine-building equipment for the new production facility by September,
2005. Initially, it is expected that 10, 000 vehicles will be manufactured annually, with a planned increase in
capacity of up to 25,000.

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Severstal-Auto will act as SsangYong Motor's distributor in Russia, Shvetsov added. Possibly, with the
agreement Severstal-Auto will also launch the production of other car makes in future, he said.

- Source from The St.Petersburg Times (Dec 7, 2004) -