Coskunoz Holding

As of July 2019, Joskunoz Holding consists of 12 companies operating in 6 different sectors of industry, such as automotive, mechanical engineering, aerospace, power, heating and logistics.

The company "Joshkunoz" is the owner of the plant "Joshkunoz Alabuga," which is located on the territory of the Special Economic Zone "Alabuga."

History

2023: Launch of chassis parts production for Lada Vesta

The Joshkunoz Alabuga company launched mass production of chassis parts for AvtoVAZ in the Alabuga special economic zone in Tatarstan. Total investments exceeded 1 billion rubles, of which 500 million rubles were provided by the Federal Industrial Development Fund (FRP) in the form of a preferential loan under the Component Products program. This was announced at the end of August 2023.

With the funds raised, Joshkunoz Alabuga purchased high-tech equipment and launched the production of solid and composite metal chassis parts (suspensions and bridges). The volume of production after reaching the design capacity will be 14 million parts per year. Production localization reaches 100%.

Joskunoz Alabuga launches mass production of chassis parts

The main customer of the products is AvtoVAZ. In July 2023, Joskunoz Alabuga sent the first batch of suspension parts for the Lada Vesta to the carmaker. In the near future, it is planned to launch mass production of parts for Lada Granta, the press service of the FRP said on August 29, 2023.

Joskunoz Alabuga has been operating in the Russian market in the automotive industry for 10 years. Now we have for the first time established mass production of parts for the largest Russian automaker AvtoVAZ. This became possible thanks to the preferential loan of the FRP, - said Oktem Edzhevit, General Director of Joshkunoz Alabuga LLC, on August 29, 2023.

In the future, the company intends to establish the production of other chassis parts that will be used when assembling cars of domestic and foreign brands localized in Russia on the conveyor. During the implementation of the project, 74 jobs were created.

Chairman of the Board of the Machine-Building Cluster of Tatarstan Sergey Mayorov positively assessed the cooperation of the plant located in the republic with AvtoVAZ.

The larger the production load, revenue and profit of the company, the larger the taxable base for the budget of the republic. Therefore, any orders are of interest, - he stressed.[1]

2019: Contract with Joscunoz for the supply of body parts

On July 8, 2019, it became known that PSMA Rus entered into an agreement of intent with the Turkish company Joskunoz to supply body parts to a plant in the Kaluga Region. Read more here.