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Hitachi Zosen Inova

Hitachi Tver launched a blank production shop for sheet metal cutting and bending for the manufacture of arrows, turntables, etc. The new workshop costed 500 million rubles, the total investment in the Russian production of Hitachi is about 2.5 billion rubles. The localization level in the plant is about 20%.

26 May 2016
Vedomosti

On 19 June 2015, a memorandum of cooperation was signed between the Moscow Region Government, Russian State Corporation Rostec and Hitachi ZosenInova AG at the St. Petersburg International Economic Forum. The agreement envisions the establishment of a comprehensive waste-to-energy system. Rostec subsidiary RT-Invest will be implementing the project.

The memorandum was signed by Rostec CEO Sergey Chemezov, Moscow Region Governor Andrei Vorobyov, and Hitachi Zosen Inova AG CEO Franz-Josef Mengede.

The project will involve the construction of modern incineration plants for municipal solid waste (MSW) which can be used to generate energy and heat. The parties will work together to develop the zero-waste-to-landfill concept for the Moscow Region. Incineration plants based on advanced processing technologies are environmentally friendly. What is more, they even help solve existing problems. The present-day systems of gas treatment and capturing toxic substances are dozens of times more efficient than they were several decades ago. The cumulative investment in the project will amount to some RUB 400 billion (around $6.3 billion).

Hitachi Zosen Inova and RT-Invest will perform engineering tasks and supply the turnkey incineration technology. RT-Invest will ensure favourable financing conditions. A Swiss-Japanese company will assist PT-Invest in obtaining vendor financing and insurance coverage from the Swiss Export Risk Insurance (SERV).

After the facilities have reached their designed capacities, their total revenue is expected to reach as much as RUB 104 billion (around $1.6 billion) annually, which will make 3% of the target GRP of the Moscow Region for the corresponding year. The tax revenues associated with the project and earned by budgets at every level could amount to (on average, per annum) RUB 23 billion ($360 million), or some 5% of the regional consolidated budget revenues. The project does not envision any budget payments or subsidies. It is expected to create 2500 new jobs.

18 June 2015
www.rt-invest.com
Investor
6.2 mln
Moscow Region

Investor profile

Hitachi Zosen Inova

Japan, Switzerland

Company's website: hz-inova.com

T: +41 44 277 11 11

Private company

E-mail: info@hz-inova.com

Contact: Franz-Josef Mengede, CEO

World EfW leader

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