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Turkey’s Prodem will establish an agricultural and textile cluster in Stavropol. The company and Stavropol Region Government signed a cooperation agreement in Stavropol concerning this project. The document was signed by Stavropol Governor Vladimir Vladimirov and Prodem President Ahmet Yasar Demir.

Production facilities that process sheep wool and produce wool and polypropylene yarns, carpets and blankets are to be established in Stavropol as part of the cluster.

Total planned investment will exceed RUB 6 billion. After reaching its projected capacity, the complex will be able to manufacture products valued at approximately RUB 5.7 billion per year and create more than 800 new jobs in the region.

The project implementation period is estimated at two years. Work is current under way to select a partner bank and a number of sites have been identified for production facilities.

“This agreement is a major step towards reviving the fine-wool sheep farming industry, which is essential to Stavropol,” Vladimirov stressed.

He noted that the regional government intends to provide assistance for the project, including as part of programs to support agribusiness and industry and develop import substitution.

Demir noted the company’s interest in setting up production specifically in Stavropol.

“We need a high-quality resource base and personnel and we have found all of this in our region,” he said.

Demir presented the governor with an album containing samples of products manufactured by the company and expressed the hope to produce them in Stavropol as soon as possible.

Reference: Stavropol is Russia’s leader in terms of sheep breeding and the number of breeding farms. The region is home to almost 2.5 million sheep. In 2014, Stavropol produced 7,000 tons of wool and sold more than 30,000 breeding sheep.

Prodem has existed for more than 20 years. The group of companies works in different areas such as construction, tourism, agriculture, the hotel business and textile production, among others.
 

05 July 2015
www.stavregion.ru
Investor
Jobs: 800
Stavropol region

Investor profile

Prodem

Turkey

Company's website: prodemgroup.com

T: +90 212 470 50 76

Private company

E-mail: info@prodemgroup.com

Prodem has existed for more than 20 years. The group of companies works in different areas such as construction, tourism, agriculture, the hotel business and textile production, among others.

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