The authorities of the Leningrad region are holding negotiations with investors from China on the construction of a light railway running to the town of Sertolovo. As TASS news agency reports on Tuesday, this is a company from the Chinese region of Inner Mongolia, which has an extended experience in similar projects implemented at home and in Russia.
On June 2, at the St. Petersburg International Economic Forum (PIEF), Knauf Petroboard will sign an agreement with the Government of the Leningrad Region. Under the agreement, the Company shall invest at least RUB 3.5 bln in the reconstruction of a finishing cardboard production facility in the Leningrad Region, and the Government promises to support it. It was reported on Thursday, May 26, by the Company’s press service.
China 22MCC Group Corporation Ltd. will invest about 80 bln rubles in the complex construction project in Saint Petersburg and the Leningrad Region.
Mapei S.p.A, an Italian concern producing building materials, purchased the plant of the Austrian Baumit Company in the Volosovo District, the Leningrad Region, and will invest RUB 450 million in the modernization of the enterprise.
This year, Nokian Tyres, a Finnish tire manufacturer, will invest EUR 83 million in the expansion of the plant in the Russian Vsevolozhsk, as reported by the Company.
The Tikhvin Ferroalloy Plant (TFP) has launched the third of the four furnaces of its smelting shop. This will increase the Company’s workload from 50 to 60%.