Ficosa enters Russia

Through an agreement with the local company Zavod Avtocomponent

  Ficosa enters Russia

  Barcelona (Spain), 27th of February 2007.- The multinational of systems
  and components for the automobile, Ficosa International, has signed an
  agreement with the Russian company Zavod Avtocomponent, through which it
  will initiate it’s operations in Russia.

  The agreement includes the management of technical licenses to
  Avtocomponent to be able to develop and produce the systems and
  components of the Spanish multinational for the Russian market, as well
  as the signature, in a future, of a joint-venture to develop and produce
  components, in which Ficosa would be its majority partner.

  The joint operations Avtocomponent – Ficosa will start with the
  assignment of the technical license and the production in Russia of the
  rear-view mirrors for the Logan model of Dacia – Renault, of which Ficosa
  is world wide supplier and already supplies this French Group in Rumania,
  India, Brazil and Iran.

  Referring the automobile sector, Russia is one of the markets expected to
  emerge with strength during the next years. At this moment, 1,1 million
  cars are being produced in the Russian market and the forecast appoints
  to a growth of 30% for 2011, passing to produce 1,6 million.

  Aligning this forecast of the future, Ficosa has been carrying out
  researches in Russia from July 2006 with the goal to introduce itself in
  this country and to offer its services to the autochthonous as well as
  global automobile manufacturers that operate there (Avtovaz, Avtogaz,
  UAZ, Renault, Ford, GM, BMW, Hyundai), as also those who have announced
  their implantation in the near future (Toyota, VW). At the moment, Russia
  concentrates its main production centres of automobiles in cities like
  Togliatti, Nizhnii Novgorod, Ulyanovsk, Moscow and Saint Petersburg.

  About Avtocomponent

  Zavod Avtocomponent is an independent industrial company founded in 1999,
  dedicated to the manufacturing of rear-view mirrors, air-conditioning
  systems and injected plastic pieces for automobiles. The company is
  situated in Niznhy Novgorod - 500 km East of Moscow -, and has a team of
  1.100 professionals. Avtocomponent is the second Russian manufacturer of
  rear-view mirrors with a turnover of 77 million dollars in 2005. At the
  moment its main client is AvtoGaz.
  About FICOSA

  Ficosa International is a multinational group founded in 1949, engaged in
  the research, development, production and commercialization of systems
  and components for automobiles. With its headquarters in Barcelona
  (Spain), the Group has a team of more than 6600 professionals and is
  present in 19 countries throughout the world. With a consolidated
  turnover of 824 million euros in 2005 and a portfolio of 770 patents in
  force, Ficosa is a supplier and technological partner of most automobile
  manufacturers in the world. For more information, visit: www.ficosa.com

  For more information: Xavier Gispert - Communication and External
  Relations - Tel + 34 93 216 34 00