Industry Automotive Number of employees 8,500 Headquarters Taganrog | Defunct 2014 Website tagaz.ru Founded 1997 | |
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Key people M. Y. Paramonov, CEO of the financial-industrial group Doninvest Products Automobiles and commercial vehicles | ||
2011 hyundai sonata tagaz start up engine and in depth tour
TagAZ (Russian: ТагАЗ, Таганрогский автомобильный завод) is an automotive assembly plant located in Taganrog, Russia. Affiliated enterprises are the Rostov Truck Factory.
Contents
- 2011 hyundai sonata tagaz start up engine and in depth tour
- History
- Owners and executives
- Production capacity
- Performance
- TagAZ owned brands
- Hyundai brand
- BYD brand
- References
On January 21, 2014, the company was declared bankrupt.
2011 hyundai sonata tagaz start up engine and in depth tour
History
Construction of the Taganrog Automotive Plant began in spring 1997, under license and technology of South Korean Daewoo Motors, and was fully financed by Doninvest Finance & Industry Group, with investment volumes surpassing US$260 million. In 1998, Doninvest launched pilot semi-knocked-down production of the Daewoo Lanos and Daewoo Nubira models.
From 1999 to 2002, the company assembled the Citroën Berlingo Mk I model under the name Orion M.
In 2001, it started producing the Hyundai Accent (LC), followed in 2004 by the Hyundai Sonata (EF), in 2008 by the Hyundai Elantra (XD), and in 2005 by the Hyundai Porter (third generation) light truck. In 2008, it started production of the Hyundai Santa Fe (SM). In the spring of 2012, production of the Hyundai models was over.
In 2008, it began assembly from semi-knocked-down kits of the Vortex Estina (a rebadged Chery A5).
In 2010, TagAZ announced the construction of a third automotive manufacturing plant in Bangladesh, with an initial $2 billion investment. According to TagAZ officials, the decision to build cars in Bangladesh was made because of its low labour costs and the export advantages it enjoys with neighbouring countries and Europe. TagAZ had already purchased land in the Kishoreganj District and aimed to sell the first car assembled there by 2012.
In October 2010, TagAZ started assembling the BYD F3, Vortex Corda (a modified Chery Amulet), and Vortex Tingo (modified Chery Tiggo) models.
In June 2011, the company began assembly from complete-knocked-down kits of the Tagaz C10 (a rebadged version of the JAC Tojoy). In October 2011, the Tagaz C190 (a rebadged version of the JAC Rein) was added to the line-up.
The company currently has the capacity to simultaneously produce up to 20 different models at its facilities.
Owners and executives
TagAZ's owner is Russian entrepreneur M. Y. Paramonov, CEO of the financial-industrial Doninvest group. One-fifth of TagAZ shares are held by Sapor Invest Inc., Ikaria International Technologies Aktiengesellschaft, Pemberton Establishment, Asha Holding, and Dl Technologies GmbH.
Production capacity
The TagAZ factory at Taganrog covers an area of 60,000 m2 and is divided into 5 departments:
The conveyor line is laid out vertically over four floors of the main plant building, with a network of elevators and lifts linking the different levels. Each level is equipped with a monorail as well as compact lifting and transporting equipment.
All completed vehicles undergo a road test on a track made up of varied road surfaces.
Performance
The current yearly production regime is 180,000 units of six different vehicle models.