A new paint factory has opened at Maryino industrial park. It belongs to the Finnish company Teknos, which is represented in Russia by Teknos LLC. Investments into the project amounted to about 1 billion RUB. The factory’s production capacity will amount to 15,000 tons of paint per year. The new plant will create over 100 new jobs.
The majority of raw materials for the paint are supplied by domestic manufacturers. Some ingredients are not produced in Russia, so they have to be imported.
The majority of paint produced by Teknos is intended for industrial purposes. They account for 75% of turnover. As a result of the plant launch, Teknos is expecting an increase its share in powder paint to 15% and its share in liquid paint to 10%. The increase in production capacity will enable an increase in PWM exports to CIS countries, including Kazakhstan and Belarus.
Teknos Group is a major Finnish manufacturer of paint products. The company’s EBITDA amounted to €35 million in 2013.
In Russia, the company is represented by the Moscow-based Teknos LLC (which sells paint for industrial use) and two plants in St. Petersburg – Teknos-Ohtek LLC (Ohtek powder paint) and Teknos-Deco (Komandor construction and household paints and varnishes). The production capacity of each plant in St. Petersburg amounts to up to 1,000 tons of paint products per year. After the new plant is commissioned, these facilities will be transferred to Maryino.
There are about 600 Finnish companies operating in Russia, which employ a total of about 50,000 people. Estimated cumulative Finnish investments in Russia total €14 billion.
Over half of these investments are carried out by the Fortum energy corporation, which carries out the majority of its business activities in Tyumen and Chelyabinsk regions. For the largest Finnish companies operating in Russia, turnover figures make up 30% of total international turnover.
The biggest Finnish investors in Russia: Fortum, Itella, Kesko, Kiilto, Metsäliitto Group, Neste Oil, Nokian Tyres, Nordea, Oriola, Paulig, Paroc, S Group, Stockmann, Stora Enso, UPM, Valio, Wärtsilä, YIT.