An international fur corporation is transferring its production of winter clothes and footwear from China to the Kaliningrad Region. One of the reasons is the trade conflict between China and the United States, as the holding exports much to America. In addition, the investor was attracted by the benefits the Kaliningrad Special Economic Zone offers.
The authorities of the Kaliningrad region have agreed to cooperate in the introduction of advanced technologies in the field of increasing labor productivity and the efficient use of natural resources with ABB (Switzerland). The agreement was signed on Thursday at the St. Petersburg International Economic Forum (SPIEF) by Anton Alikhanov, the Governor and Irina Kozlova, the President of ABB in Russia, the press service of the regional government reported.
ABB, a Swiss company specializing in industrial automation and energy solutions, has opened its first Russia-based engineering center in Kaliningrad.
Avtotor Holding plans to build a new plant for the production of cars of the BMW or Hyundai and Kia brands. The plant capacity will be 50 thousand cars per year. The plant will be located in the Kaliningrad region, next to the existing production site of the holding.
Ampereship, the German company, plans to launch production of electric ferries in the Kaliningrad Region. Production may take place at one of the shipbuilding enterprises in the region.
Youngsan, a South Korean manufacturer of automobile components, intends to develop production in Kaliningrad for the Avtotor Holding and for sale in other regions of Russia, Zhong Bam Park, Youngsan shareholder, stated to reporters on Wednesday.