Component firms told to cash in on Russia’s fast-growing auto sector

AUTOMOTIVE component manufacturers from the West Midlands should be looking to move into Russia to take advantage of the opportunities offered by its motor industry, corporate finance advisers have said.

Mark Bond, chairman of Northstar, Catalyst Corporate Finance’s Russian partner firm, said Russia was set to overtake Germany next year to become the largest automotive market in Europe.

Added to this, an explosion in consumer demand in Russia would create a market for three million new cars per annum.For the full story register now for free or login below...