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4-Traders Homepage  >  Equities  >  Tokyo  >  Nissan Motor Co Ltd    7201   JP3672400003

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Nissan Motor : steps up production for Russian market; The addition of a second shift at the Saint Petersburg plant reflects ’s positive outlook for the market in Russia

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10/17/2017 | 06:52pm CEST

ST. PETERSBURG, Russia -- Nissan has added a second production shift at its manufacturing plant in Saint Petersburg. The increase in production follows the upturn in the Russian market in 2017 and rising demand for Nissan's leading crossover and SUV models made in Russia: Qashqai, X-Trail and Murano.

"The addition of a second shift at our St. Petersburg plant reflects our positive outlook for the market in Russia," said Igor Boytsov, Nissan vice president for Manufacturing in Russia. "Today we welcome more than 450 new people to the team and look forward to further success for Nissan models like Qashqai, X-Trail and Murano - engineered and built in Russia, specifically for Russian customers."

Following a four-month recruitment and training program, 457 new jobs have been added to the workforce for the new two-shift pattern in St. Petersburg. The recruitment process saw more than 10,000 people apply for one of the new positions, which included manufacturing staff, team leaders and supervisors, and also included promotions for 52 employees in St. Petersburg.

Nissan sales in Russia this year have followed the positive trend in the overall market, increasing in the first nine months of 2017 by 2% compared to last year. This is reflected by Nissan's production in Russia, with 52,525 vehicles made in the first nine months of 2017 - 32,037 of which were made in St. Petersburg plant.

Total production in Nissan St. Petersburg Plant this year is expected to increase by nearly a quarter, compared to last year's total of 36,464 vehicles.

In 2016, a total of 79,066 Nissan vehicles were manufactured in Russia for the domestic market, and exports to the Republic of Kazakstan, the Republic of Belarus, Lebanon (from June 2016, Datsun only) and Azerbaijan (from November 2016).

Contact

Roman Skolsky, PR Director Nissan RBU East

Tel: +7 919 969 8850

[email protected]

Anna Kapitonova, PR Manager Nissan RBU East

Tel: +7 916 9712855

[email protected]

Paul James, Nissan Europe

Tel: +44 (0) 191 4184197

M: +44 (0) 7814 851943

[email protected]

For more information about Nissan Motor Co., Ltd.'s products, services and our commitment to sustainable mobility, visit Nissan-Global.com. Follow us on Facebook, Instagram, Twitter and LinkedIn, and view our latest videos on YouTube.

.

(c) 2017 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials ( JPY)
Sales 2018 11 978 B
EBIT 2018 -
Net income 2018 588 B
Debt 2018 6 629 B
Yield 2018 4,91%
P/E ratio 2018 7,26
P/E ratio 2019 6,84
EV / Sales 2018 0,93x
EV / Sales 2019 0,91x
Capitalization 4 571 B
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Technical analysis trends NISSAN MOTOR CO LTD
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 21
Average target price 1 297  JPY
Spread / Average Target 20%
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Managers
NameTitle
Hiroto Saikawa Vice Chairman, President & Chief Executive Officer
Carlos Ghosn Bichara Chairman
Joseph G. Peter CFO, Head-Investor Relations & Accounting
Celso Guiotoko Chief Information Officer
Takao Asami Senior Managing Executive Officer & Head-Research
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