On the territory of a special economic zone “Lipetsk,” the Chinese company Lifan is going to build a new large automobile plant.
Director General of SEZ Ivan Koshelev told journalists about it in Lipetsk. According to him, only at the initial stage of the construction are the Chinese planning to invest up to $300 million in the work at the construction site and equipment. Then the investment volume will be increased for the expansion of the first line of the automobile plant and putting the plant for engine manufacturing in operation.
The project pay-back term is 7 years. To remind you, the Lifan company is the first SEZ resident from China. It was founded in 1992 and specializes in the production of lorries, motorcycles, scooters, engines and cars.