Valmet Automotive, a Finnish vehicle contract manufacturer, has signed a deal with Mercedes-Benz to manufacture Mercedes-AMG GT sports cars in Uusikaupunki on Finland's west coast.

The coupés will be produced as both hybrids and regular combustion engine models.

Production will start towards the end of next year. Valmet Automotive estimates that the manufacturing of the cars will employ about 200 people in various departments of the factory.

However, the production will not require recruitment of new employees, the firm noted.

At the end of June, Valmet Automotive said it was laying off 300 employees.

In the future, all four-door Mercedes-AMG GT cars will be manufactured in Uusikaupunki. According to the firm, the production must meet very high requirements.

"With the AMG, we are making vehicles that require special skills and top-of-the-line quality. And it's great to be back manufacturing sports cars," Pasi Rannus, Valmet Automotive's SVP Manufacturing said in a press release.

Mercedes-Benz and Valmet Automotive have previously partnered on the production of three other car models.

State-owned investment company Tesi has a 38 percent stake in Valmet Automotive, which was spun off from the state-owned engineering company Valmet in 1995.