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Nuplex Industries Ltd

The Australian-New Zealand company Nuplex is planning to build one more coating resin plant in the Belgorod Region. Investment in the project will amount to RUB 1.1 billion, the regional government’s press service told a TASS correspondent.

“Investment in the project will be RUB 1.1 billion. The plan is to create 100 new jobs with average monthly wages of more than RUB 30,000”, the press service noted.

In August 2014 Nuplex acquired a resin plant in Shebekino, Belgorod Region, from GK KVIL.A location for the new plant is being selected now. The construction start and new production launch datesare yet to be determined.

“Since the launch of production at Shebekino,RUB 800 million worth of products have been manufactured. We are planninga new plant because our customer base is growing, demand for our products is rising, and plans to expand our product range are afoot”, a company representative told TASS. The new product range will include acrylic resins.

15 September 2015
ITAR TASS
Investor
16.8 mln
Jobs: 100
Belgorod Region

Investor profile

Nuplex Industries Ltd

Australia/New Zealand

Company's website: www.nuplex.com

T: +61 2 9666 0331

Public company

Contact: Emery Severin, CEO

Nuplex is a leading chemical company with 16 manufacturing sites in 12 countries. Products manufactured in Australia, Asia, Europe, New Zealand and the US are sold in 80 countries. Annual sales are around $1.6 billion.

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