GAZ Group and Volkswagen Group Rus have signed an agreement on the extension of the contract production of cars for eight years as well as other documents on the development of cooperation, the government of the Nizhny Novgorod region said.
The TGC company, an entity of the PPF group, began construction in Nizhny Novgorod of a multifunctional trade and logistics park with a total area of about 170 thousand square meters, as stated in a PPF Real Estate Russia’s press release.
A Chinese company plans to establish an enterprise that will manufacture zinc-coated steel sheets in Nizhny Novgorod, Chairperson of the Committee of Foreign Economic and Interregional Relations of the City Administration Elena Mishina has reported to TASS today.
Paged Sklejka, a Polish company, plans to invest RUB 2.1 bln in the construction of a plywood factory in the Nizhny Novgorod Region, as reported by the Governor’s and the Regional Government press office.
PepsiCo launched a line on production of viscous baby yogurt at the Nizhny Novgorod site with the capacity of 14 thousand yogurt packs of 100 ml per hour. According to the company, the amount of investment in the launch of the new line amounted to 400 million rubles.
Leroy Merlin, a French company dealing in sales of construction and repair products, plans to open its first hypermarket in Nizhny Novgorod in July 2018; investment in the project will amount to approximately RUR 1.2 bln, as reported by the Ministry of Investment, Land and Property Relations of the Nizhny Novgorod Region.