This matter was discussed at the meeting of Governor Igor Rudeni and President of the Board of Directors of the concern Paroc Group Kari Lehtinen.
The first production line of the plant Paroc in the village Izoplit of the Konakovsky District was launched in 2013. The amount of investment accounted for over RUR 2.7 bln, about 170 jobs were created. The plan is to open one more line of production of mineral cotton.
The Finnish Paroc corporation intends to expand the insulant production in the Tver Region.
The company’s management plans to start the second line for mineral wool production with the capacity of 50 thousand tonnes per annum (construction insulant) and 10 thousand tonnes (technical insulant). The intended investment volume is over 3 bln rubles. The implementation of the project to be realized by 2022, will create 500 jobs.
- We have good business relations with the regional authorities. In the Tver Region, we found not just favorable geographic position, but also competent labor resources, developed infrastructure and favorable investment climate. We want to develop further, said Kari Lehtinen, President and member of the Board of Directors of Paroc Group.
Finland-based Paroc Group will inject an extra 3bn roubles in a stone wool operation in Tver having already contributed 2.5bn roubles to the project since 2011, TASS quoted the press office of the regional government as saying following today’s meeting of the region’s governor Andrei Shevelev with the management of the Finnish company.
“This year, we have had maximum performance indicators. Despite economic difficulties our product enjoys strong demand. We are still a local player, and we have been continuously investing in our operations to promote our presence on the regional and national markets,” the press office said quoting Paroc CEO Kari Lehtinen.
The source in the regional government specified that the company is poised to launch the second stone wool production line in the Konakovo district with a capacity of up to 60 tonnes of finished product a year. Investment in the project is estimated at over 3bn roubles.
Paroc Group is among Europe’s leading producers of mineral wool insulation materials, with more production facilities located in Finland, Sweden, Poland and Lithuania.
The demand for insulation is likely to increase in Russia. The growth here has been even more rapid than in Europe," - said Kari Lehtinen, CEO of Paroc. Stone wool is popular in Russia, said Lehtinen, due to its ability to endure temperatures over 1000 degrees celsius.
The plant will primarily produce materials for the Russian market but technical insulation materials will also be exported to countries in Europe. The new plants location was chosen because of the railway links between Tver, Moscow and St Petersburg, shortened distances to major markets and the availability of resources. Once opened, Paroc's plant will be the third Finnish factory in the area.
Paroc plans to recruit locals to staff the factory. There are 150 staff currently employed by the plant. By 2015, Paroc plans to increase that number to 400 while by the end of the last stage of construction and development, the plant will have 600 staff.
Company's website: www.paroc.com
T: +358 3584687
Contact: Kari Lehtinen, CEO
Headquartered in Finland, Paroc Group is an international mineral wool producer running production facilities in five countries and representative offices in 14 countries.