German VEM Motors signed an agreement with CNO-Himmash Ggroup which opened a Genborg electric engine plant in the Lipetsk Region on Friday, the administration of the Region says. They expect to organize production of VEM Motors engines at the facilities of the Russian enterprise in 2017, Fyodor Dudin, CEO of Genborg, told Vedomosti.
Mondi Group, a large international package producer, signed the agreement for the acquisition of 100% shares of the Russian Bipak LLC, informs Mondi Group. Bipak produces corrugated card and packaging for foods and agricultural products, including drinks, dairy products, fruit and vegetables. The enterprise is located in Lebedyan, Lipetsk Region.
Lipetsk Industrial Production Special Economic Zone has inaugurated today the 17th OBO Bettermann's plant. The company intends developing its business in Russia. The galvanizing production that was initially scheduled for construction in Romania is now also scheduled for development in Russia. Total investments into the project exceeded RUB 2 bn.
French Schlumberger will start construction of a plant in the special economic zone (SEZ) Lipetsk before the end of 2016. The total investments volume amounts to RUB 3.8 bln. This was reported to TASS reporters by Yelena Semina, SEZ spokesperson.
Mondi Group, a major international packaging producer, has signed the agreement for purchase of 100% in Russian LLC Bipak according to Mondi Group's statement. Bipak is a producer of corrugated cardboard and packaging for foodstuffs and agricultural products including drinks, milk products, fruits and vegetables. The enterprise is located in Lebedyan, Lipetsk Region.
Changan, a Chinese automotive manufacturer, is to start commercial production of its compact crossovers CS35 in Russia this September.