Taganrog Automobile Plant (TAGAZ)

History

2022: Start of production of combines

In July 2022, it became known about the sale of the Taganrog Automobile Plant to Rostselmash. The latter also concluded an agreement with the government of the Rostov region on the construction of an enterprise for the production of agricultural and communal equipment on the premises of the former automobile plant with an investment of 1.5 billion rubles.

The plant is expected to employ 500 people in its first phase, and 1,500 employees once it reaches full capacity. The company plans to produce agricultural machinery in the amount of 3 billion rubles a year with the prospect of an annual increase in production by 10-15%. In addition to the assembly shop, a foundry and a test site will be created. It is planned to return former employees of the TagAZ enterprise to the plant. In 2025, it is planned to reach a production capacity of 5 thousand units of agricultural machinery.

Bankrupt TagAZ started producing combines

The plans include the production of five types of agricultural machines: tillage, foraging, grain processing, self-propelled and trailed sprayers, as well as adapters for combines.

According to the Rostov edition of Notepad, the first stone at the construction site of the new enterprise was laid back in May 2022. Rostselmash confirms that production will be established on the site of TagAZ workshops, but they only talk about a deep reconstruction of the existing plant, which once already produced combines - even before the purchase by the Doninvest financial and industrial group.

The government of the Rostov region considers it its duty to support agricultural machine builders. Together with them, support the villagers, - said the Governor of the Rostov Region Vasily Golubev. - In conditions of unprecedented sanctions pressure, we need to work both faster and more efficiently, to work for the result.[1]

2020: Sale of part of the property of VtorCherMet for 81.7 million rubles.

On January 27, 2020, Kommersant Publishing House announced that the VtorCherMet company had acquired at auction part of the property of the bankrupt Taganrog Avomobile Plant. Thus, the buyer became the owner of a land plot with an area of ​ ​ 183.5 thousand square meters. m and the main assembly building with extensions with an area of ​ ​ 81.4 thousand square meters. m in Taganrog on Instrumentalnaya street, 2-5. They were sold for 81.7 million rubles. The sold property is pledged by Gazprombank.

Trading took place with a step down. The initial price was 181 million rubles^[2].

2019

This is all that remains of one of the largest Tagaz car plants in Taganrog, where about 100,000 cars a year were assembled using robots and thousands of people were employed.

2019

Debts of 24 billion rubles did not allow to pass bankruptcy.

The owner of the Doninvest plant and bank, Mikhail Paramonov, left for Europe. Tagaz creditors - Sberbank, Gazprombank, Unicredit Bank and bankruptcy trustee Artem Evseev divided the remnants of the enterprise.

2012-2014: Bankruptcy

At the beginning of 2014, the arbitration recognized the enterprise bankrupt. Among its creditors are Sberbank (4.3 billion rubles), Gazprombank (3 billion rubles), VTB (7.3 billion rubles), as well as Rosbank (1.6 billion rubles), Absolut Bank (1.1 billion rubles).

In 2012, the plant filed for bankruptcy.

2011: Tagaz C10 Car Start

In 2011, sales of the Tagaz C10 began, which is a localized version of the Chinese JAC A138 Tojoy car.

2010

Assembling cars under the Vortex brand

In October 2010, the assembly of cars under the Vortex brand began: Corda (restyling Chery Amulet) and Tingo (modified Chery Tiggo).

Partnership Agreement with China's BYD Auto

On July 5, 2010, TagAZ entered into a partnership agreement with Chinese BYD Auto. Under this agreement, the plant will establish the assembly of medium-sized sedans BYD F3 on a full cycle and will sell them through its dealer network.

TagAZ LC-100 BUS View

In April 2010, at the COMTRANS exhibition (Moscow), a new model 14 of the local bus TagAZ LC-100 BUS, created on the basis of TAGAZ LC-100 Master, was presented. Hyundai County, Hyundai County Long and low-floor RoAZ-5236 buses also participated in the exhibition.

Announcement of the construction of the third plant in Bangladesh

The construction of a third production plant in Bangladesh with an investment of $2 billion was announced. The necessary land plot was acquired in the Kishorengange district. According to the plan, the sale of the first car should occur in 2012.

Organization of TagAZ debt restructuring by Sberbank

In 2010, Sberbank organized a restructuring of TagAZ's debt.

2009

During the 2009 crisis, the plant began to experience financial difficulties.

In March 2009, TagAZ introduced two cars of its own design to the Russian market. This is a C2-class sedan, the project is called TAGAZ C-100, later the car is named Tagaz Vega, as well as a commercial low-tonnage diesel-powered Tagaz Master truck, originally named T-100 and T-150 for the 1 and 1.5 ton versions, respectively. A bus for transporting children based on Hyundai County is presented, equipped with a vehicle monitoring system based on the GLONASS satellite navigation system.

2000-2008

• May 2008 - Hyundai Elantra XD production begins.
• April 2007 - The production of the old generation Hyundai Santa Fe SUV began.
• 2006 - TagAZ was awarded the "Best Commercial Car of 2006 in Russia" award for Hyundai Porter. The production of Hyundai County buses has begun.
• 2005 - the production of the Hyundai Porter commercial small-tonnage truck began. Establishment of TAGAZ KOREA Design Bureau in Seoul, South Korea. The plant's revenue amounted to 12.47 billion rubles. ($433.42 million), net loss - 390.35 million rubles. ($13.56 million).
• 2004 - industrial production of Hyundai Sonata began. TagAZ was awarded the Hyundai Award for a high level of production organization.
• 2003 - industrial (SKD) production of Hyundai Accent began.
• 2002 - the production of Hyundai Accent with an automatic transmission began.
• April 2001 - The first Hyundai Accent of the Russian assembly rolls off the assembly line.
• April 2000 - A contract was signed with PSA for the assembly of Citroen Berlingo cars in Taganrog. Since June, a 5-seater Citroen Berlingo MkI pickup truck has been produced under the Orion-M brand with a gasoline engine under license from Citroen. An agreement was signed with Hyundai Motor Company on the start of licensed production of the Hyundai Accent car in Taganrog.

1997-1999

• Spring 1999 - mass production of the Orion car began, the Daewoo concern was unable to provide a stable supply of components. Having collected several hundred, TagAZ suspended production.
• September 12, 1998 - solemn open plants. The total investment in the project amounted to more than $320 million. The release of three Korean models Daewoo Leganza, Nubira and Lanos, which received Russian names: "Condor," "Orion," "Assol," has begun. Cars sold poorly due to a lack of interest from buyers.
• 1997 - the construction of the Taganrog Automobile Plant is underway under license and technology of the South Korean Daewoo Motors. The construction is fully funded by FPG Doninvest Finance & Industry Group with an investment of over $260 million. The creation uses the universal conveyor available at the Taganrog Combine Plant, which is quickly converted to assemble cars. The project of the plant was developed by Rostov designers. Construction took a year and seven months.

Owners and Management

The shares of the enterprise belong to the following companies (as of 30.06.2009):

• Ikaria Interntional Technologies Aktienges — 19,63 %;
• Pemberton Establishment — 19,17 %;
• Fortum Aktiengesellschaft — 17,41 %;
• Di Technologies GMBH — 14,78 %;
• Sapor Invest Inc. — 14,64 %;
• Asha Holding Aktiengesellschaft — 14,37 %.
• The actual owner is M.Yu. Paramonov, a Russian entrepreneur, general director of the Doninvest financial and industrial group.

Production facilities

The plant with the production of a full cycle with a total area of ​ ​ 60 thousand meters ² divided into 5 workshops:

• welding and body shop;
• painting shop;
• assembly shop (4 lines);
• galvanic shop;
• Functional testing workshop.

The TagAZ conveyor line is located vertically - on four floors of the main building of the plant. Communication between levels is organized using a system of elevators and lifts. Each of the levels is equipped with monorails, lifting and transport mechanisms. The equipment is very compact. All vehicles released from the assembly line pass the track road test with various road surfaces.

Performance indicators

The production capacity of the plant is 180,000 units of 6 different models of cars per year.

Model range

Under its own brand

• Vortex Estina
• Vortex Corda
• Vortex Tingo
• Tagaz Tager
• Tagaz Road Partner
• Tagaz Master
• Tagaz C-100 Vega
• Tagaz C10
• Tagaz C190

The publication "Behind the Wheel," from sources close to the company's management, it became known that by 2012 the plant plans to begin production of its own developed model. According to some reports, the new car is of Korean origin and will use revolutionary design and technical solutions for the Russian automotive industry in its design.

Under the brand Hyundai Motors

• Hyundai Accent
• Hyundai Sonata
• Hyundai Porter
• Hyundai Elantra XD
• Hyundai Santa Fe
• Hyundai County
• Hyundai HD500

In May 2010, it became known that in connection with the launch of Hyundai's own plant near St. Petersburg and an increase in sales of Tagaz cars, the management of the Taganrog Automobile Plant decided to stop production of Korean cars. In the first quarter of 2010, Hyundai brand cars assembled at the plant were sold in the amount of 4463 copies, and Vortex Estina alone sold 1052 copies. On May 23, 2010, TagAZ already curtailed the production of Hyundai Sonata, continuing the production of commercial vehicles Hyundai Porter.

Under the BYD brand

• BYD F3

Notes