Renault invest over 1.7bn euros in Logan

Investments conducted by French manufacturer Renault amount to over 1.7 billion euros in the development of the Logan model and its industrial system, namely for the modernisation of plants and newly built facilities in Russia, Morocco and Romania. The funds necessary for building the Logan, Logan MCV and Logan VAN models and the related industrial system, reached one billion euros. Funds for the upgrade of the Pitesti-based plant amount to 489 million euros, according to information supplied by Renault. Renault has invested 230 million euros in the construction of the Avtoframos plant in Russia, which will produce the Logan models. The expansion of the production in Russia to 160,000 units will entail another 116 million euros of investment. The total investments in the production of the Logan model, with the exception of those made in India, done in partnership with Mahindra&Mahindra, Iran and Brasil, stand at a total of 1.71 billion euros.