The Russian Direct Investment Fund (RDIF), the sovereign wealth fund of Russia, Japan’s Marubeni Corporation and AEON Infrastructure Corporation announce an agreement on the key terms of the project for the construction of a methanol production unit and chemical plant in Volgograd. A corresponding agreement was signed today in the presence of the Russian President, Vladimir Putin and the Japanese Prime Minister, Shinzo Abe at the Eastern Economic Forum.
As reported by the Press Office of the Mayor’s Office of Volzhsky, Chinese investors presented the first project, which is planned for implementation in the territory of the satellite town of Volgograd. This includes the construction of an absorbent underwear plant.
The newly opened Russo-Chinese enterprise in the Dzerzhinsky District of Volgograd has created over 70 jobs after commissioning its galvanized steel plate polymer coating plant. Total investments are RUB 1.8 bn.
Indian company will invest 1.1 billion rubles in the Volzhsky abrasive plant. On August 16, the head of the region discussed modernization and development of the Volzhsky Abrasive Plant with Mutia Murugappan, Murugappa Group Chairman.
According to Mr. Sergei Zyuzya, CEO of Sika, Swiss chemicals company, it has commissioned its concrete plasticizer production line at its Volgograd plant. It is already the sixth production facility the company has inaugurated in Russia. It took approximately RUB 110 m to implement the entire project.
Sika, the Swiss group of companies specializing in production of construction chemicals and transport engineering, plans to open three new plants in Russia prior to 2018 in Yekaterinburg, Volgograd and Lobnya.