Construction of an automobile factory in the Stavropolsky region will attract 4.3 billion rub. ($143 million).
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DerVeis Industrial will become the anchor resident of the industrial park. The automotive company DerVeis manufactures nine models of automobile -- including three models of Geely -- in Karachaevo-Cherkesy at a volume of 65,000 automobiles per year. The new factory is to be commissioned in 2014. This project will create 2,500 jobs for Nevinnomyssk.
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