Johnson Matthey to Build Autocatalyst Facility in Russia

Johnson Matthey has signed a Memorandum of Understanding (MOU) with the First Deputy Governor of Russia's Krasnoyarsk Region, and the General Director of the Krastsvetmet Metal Company to secure a brown field site as the first step in a multi-million pound investment to build an autocatalyst manufacturing plant in Russia. The site is located within the boundary of the Krastsvetmet's facility in Krasnoyarsk, Siberia.

Over the last five years Russia has emerged as a significant player in the global automotive industry, with many international original equipment manufacturers (OEMs) investing in local manufacturing facilities. Johnson Matthey plans to build a plant to manufacture emission control catalysts for a wide range of both diesel and petrol powered vehicles for the local Russian market, which will see emissions legislation requiring the use of autocatalysts come into force this spring.

The chosen site is located within the secure perimeter of the Krastsvetmet site however the new factory will be wholly owned and operated by Johnson Matthey. Under the terms of the MOU, the new facility will purchase precious metal salts from Krastsvetmet for use in the manufacture of autocatalysts. The site has direct on-site access to the Trans Siberian Railway, which will provide daily logistical links to the rest of the Russian Federation. Johnson Matthey already has significant business links with Krastsvetmet and since 2002 has licensed them technologies for the production of precious metal gauzes for the chemical industry.

The MOU was signed by Lev Kuznetsov, the First Deputy Governor of the Krasnoyarsk Region, Paul Framp, Managing Director European Region, Johnson Matthey Environmental Catalysts and Technologies, and Igor Tikhov, General Director of the Krastsvetmet Metal Company.

Commenting on Johnson Matthey's investment plans, Paul Framp said "We have been closely monitoring the progress of the auto industry in Russia for some time and we have well established sales to the indigenous car manufacturers. The last few years have seen significant growth in local vehicle demand and we now seeing major investments from established European, Asian and American OEMs. With recent developments in emission legislation in the Russian Federation, the stage is set for local expansion of autocatalyst manufacturing. We feel that this is the right time to secure our place in the market and we are very pleased to be able to strengthen our working relationship with Krastsvetmet and to utilise their great experience with precious metals".

http://www.matthey.com

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Johnson Matthey, Inc.. (2019, March 02). Johnson Matthey to Build Autocatalyst Facility in Russia. AZoM. Retrieved on October 13, 2024 from https://www.azom.com/news.aspx?newsID=4940.

  • MLA

    Johnson Matthey, Inc.. "Johnson Matthey to Build Autocatalyst Facility in Russia". AZoM. 13 October 2024. <https://www.azom.com/news.aspx?newsID=4940>.

  • Chicago

    Johnson Matthey, Inc.. "Johnson Matthey to Build Autocatalyst Facility in Russia". AZoM. https://www.azom.com/news.aspx?newsID=4940. (accessed October 13, 2024).

  • Harvard

    Johnson Matthey, Inc.. 2019. Johnson Matthey to Build Autocatalyst Facility in Russia. AZoM, viewed 13 October 2024, https://www.azom.com/news.aspx?newsID=4940.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.