Two years after laying the foundation stone, Japan’s top carmaker Toyota has opened its first plant in Russia.
The factory, in Russia’s second city St Petersburg, is planned to assemble 50 000 Toyota Camrys a year.
And the country’s president was at the new facility, which is also Russia’s first plant to produce premium-class cars.
Vladimir Putin praised the project, and what it will mean for the Russian economy.
He said: “The investment of 140-million euros and the creation of more than 600 new jobs is just the first stage.
Once new production lines are opened, the number of workers will rise. It means more money for the Russian budget, and it means more employment.”
Toyota’s president says he hopes that the current annual target will, one day, rise to between 200 000and 300 000 units a year.