On Thursday, Governor of the Tula region Alexey Dyumin signed an agreement with President of Procter & Gamble Europe Gary Coombe on cooperation in the implementation of the large investment project worth 5 billion rubles ($88 million). The agreement was signed on the sidelines of St. Petersburg International Economic Forum held in Russia.
Procter & Gamble (P&G) will earmark over 5 billion rubles into their new investment projects at their plant in Novomoskovsk, the Tula region, as reported the press office of the regional government.
The Swedish Svenska Cellulosa Aktiebolaget (SCA) will invest 10.5 mln euros to launch a new line of hygiene production under the Libresse trademark at their plant in the Town of Venev in the Tula Region, as reported by the press office of the regional development corporation.
Selgros Cash & Carry has opened in the Tula region, Russia, a major trade center, the construction of which is estimated at 1,5 billion rubles (about $27 million), Interfax reports on Tuesday with the reference to the regional Committee for Entrepreneurship.
Eurochem, one of Russia's largest producers of mineral fertilizers, and the China National Chemical Corporation, ChemChina are working out a joint project in the Tula Region for the production of chemical fertilizers, as Alexey Dyumin, Governor of the Region, explained to reporters in Beijing.
The Russian branch of the Unilever Company – Unilever-Rus, LLC, plans to establish a new production facility in the Tula region, as reported by the Grigory Lavrukhin, Deputy Chairman of the regional government and the Minister of Economic Development of the Tula Region in his interview with journalists on Thursday.