IBJNews

Local manufacturer tapped for trade mission to Russia

Back to TopCommentsE-mailPrintBookmark and Share

An Indianapolis manufacturer hopes to land more business in Russia, where a growing middle class and new financing options are fueling the automotive market.

Hoosier Gasket Corp. was recently selected to join a U.S. Commerce Department trade mission to Russia in April. It will be the only Indiana company in the delegation of about a dozen automotive firms.

“The purpose of this mission is to broaden and deepen ties that already exist,” said Oleg Gostomelsky, vice president of east European business development for Hoosier Gasket.

Hoosier Gasket already supplies the Gorky Automotive Plant, or GAZ, one of the two largest carmakers in Russia, as well as a joint venture between Columbus-based Cummins Inc. and Kama Automobile Plant, or KAMAZ, a major heavy-truck manufacturer in Russia.

That existing business put Hoosier Gasket on the radar of the Commerce Department’s automotive-sector team in Washington, D.C., said Mark Cooper, director of the agency’s office in Indiana.

“They’re a good client of our office. We’ve known them for years,” Cooper said.

Cooper noted that the office exists to help Indiana companies develop foreign business, and he’s recruiting aerospace firms for a trip to Turkey. "We'd love to do this for all kinds of companies," he said.

Though China draws a lot of attention as an emerging economy, automakers and suppliers are flocking to Russia, as well, Gostomelsky said. A recent PricewaterhouseCoopers study ranked the Russian auto market as the world’s fourth-largest, on par with Germany's, he noted.

A major factor in that growth is that in the past six years, banks began making loans for car purchases, Gostomelsky said. Previously, Russian consumers had to pay for cars in cash. It comes as no surprise, then, that the average age of cars on the road in Russia is 10 years.

Hoosier Gasket also sees opportunity in the heavy-duty vehicle market because so much of the country lacks a well-developed road network, Gostomelsky said.

Hoosier Gasket is already making plans to manufacture its products for heavy-duty engines in Russia next year. Currently, the company supplies the parts for assembly kits, which are exported.

The company operates from a 135,000-square-foot facility in Keystone Enterprise Park on the near-east side of the city and has about 135 employees.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Great article and post scripts by Mike L (Great addition to IBJ BTW). Bobby's stubborn as a mule, and doubt if he ever comes back to IU. But the love he would receive would be enormous. Hope he shows some time, but not counting on it.

  2. When the Indiana GOP was going around the State selling the Voucher bill they were promising people that the vouchers would only be for public charter schools. They lied. As usual.

  3. I am Mr. Morris Ray, a Legitimate And a Reputable money Lender. We lend funds out to individuals in need of financial assistance, we give loan to people that have a bad credit or in need of money to pay bills, to invest on business. Have you been looking for loan? you have not to worry, because you are in the right place i offer loan at low interest rate of 2% so if you are in need of a loan i want you to just contact me via this email Address: morris_ray123@outlook.com

  4. Jim, your "misleading" numbers comment is spot on. This is the spin these posers are putting on it. News flash, fans: these guys lie. They are not publicly traded so no one holds them accountable for anything they say. The TV numbers are so miniscule to begin with any "increase" produces double digit "growth" numbers. It's ridiculous to think that anything these guys have done has awakened the marketplace. What have they done? Consolidate the season so they run more races on consecutive weekends? And this creates "momentum." Is that the same momentum you enjoy when you don't race between August and March? Keep in mind that you are running teams who barely make ends meet ragged over the summer to accomplish this brilliant strategy of avoiding the NFL while you run your season finale at midnight on the East Coast. But I should not obfuscate my own point: any "ratings increase" is exactly what Jim points to - the increased availability of NBC Sports in households. Look fans, I love the sport to but these posers are running it off a cliff. Miles wants to declare victory and then run for Mayor. I could go on and on but bottom line for God's sake don't believe a word they say. Note to Anthony - try doing just a little research instead of reporting what these pretenders say and then offering an "opinion" no more informed than the average fan.

  5. If he's finally planning to do the right thing and resign, why not do it before the election? Waiting until after means what - s special election at tax payer expense? Appointment (by whom?) thus robbing the voters of their chance to choose? Does he accrue some additional financial advantage to waiting, like extra pension payments? What's in it for him? That's the question that needs to be asked.

ADVERTISEMENT