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With the Ruble dropping to a record low at the start
of 2016, Russia is currently in a deep economic crisis.
Foreign investors have taken note of this, with the
automotive industry a prime example of an industry
that has seen decreased foreign interest.That said, over
the past year we have also seen major new foreign
production sites in Russia,
such as the German harvester
producer CLAAS in Krasnodar
or the German-Japanese
producer of machine tools
DMG Mori in Ulyanovsk.
We have also seen some
existing Western production
sites in Russia beginning to
develop export capabilities,
allowing them to compete
with Chinese competitors in
African and Arabian markets.
This is possible thanks to strict cost management and
the significant Ruble shortfall. Localization in Russia
is a project for the long-term, and one that is worth
consideration. As Russia’s economic crisis unfolds,
investors should not be completely inactive – the
time should be used to prepare for the country’s next
consumer spending boom.
In this issue of Russia Briefing, we discuss the
advantages of localization in Russia for foreign
companies, and provide an analysis of Russia’s
industrial parks and Special Economic Zones (SEZs).
We also feature an article from the General Director of
ZENTIS Russia on their experience of producing jam,
marmalade and other sweets
in the country.
We at SCHNEIDER GROUP can
guide companies through the
localization process with advice
on tax, legal, accounting and
IT/ERP matters. Additionally,
we can set companies up in
the relevant industrial zone,
help establish their plant, and
can offer interim-management
in the intended areas for
localization. These are just
some examples of our services.
I wish you good luck with your localization project in
Russia. Take the crisis as a chance!
Introduction
Reference
Russia Briefing and related titles are produced by Asia Briefing Ltd., a wholly owned subsidiary of Dezan Shira Group.
Content is provided by
Dezan Shira & Associates’partner company SCHNEIDER GROUP.
No liability may be accepted for any of the contents of this publication. Readers are strongly advised to seek professional
advice when actively looking to implement suggestions made within this publication.
Yours,
Ulf Schnelder
Managing Partner
SCHNEIDER GROUP
Ulf Schneider
Managing Partner
SCHNEIDER GROUP
Disclaim
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© 2015 Asia Briefing Ltd.