Kiekert AG, based in Heiligenhaus, Germany ,became the first international supplier to establish a production facility in Russia specializing in automotive locking systems, with its announcement this week that it has opened a new plant in Naberezhnye Chelny in the republic of Tatarstan.
The company said the move is part of its global strategic plan. "With our move into the largest Eastern European market, Kiekert has laid another milestone in establishing the necessary customer proximity and in differentiating the key competitive factors of quality, flexibility and innovative power through services specifically tailored to local conditions,” said Dr. Karl Krause, chairman of the bard of of Kiekert AG. “The Russian market also offers enormous potential for growth."
The automotive supplier identified the potential of the Eastern European market 20 years ago and established a production plant in the Czech Republic.
The company has production plants in five countries, and has a global market share of 20%.