The launch of the fourth polyester tape production line at the Kostroma VolgaStrap enterprise signified the 25 anniversary of the investor, the Specta company which is the largest producer of PETF and steel tape in Eastern Europe. In 2006, the company opened its production association in Kostroma. Today, the plant ranks third in Europe in production of polyester and steel packaging tape.
On May 24, Sergey Sitnikov, Governor of the Kostroma Region, and Eric Helin, President of Specta Group AG, signed an investment agreement at the Saint Petersburg International Economic Forum under which Specta will establish additional production facilities for PET tape and warehouse premises in Kostroma.
Specta is the main investor of the enterprise.
A high-tech drill rig production plant LLC NOV Kostroma opened in Kostroma Region. According to regional authorities, National Oilwell Varco from US invested over 4 bln rubles into the project.
The American Eli Lilly pharmaceutical corporation and R-Pharm signed an agreement at the SPEIF-2016 for the production of Humulin, Humalog and long-acting insulin analogue in the facilities of the Russian producer.