The management of the KLAAS plant in Krasnodar decided to invest more RUB 270 million in the development of the plant. Earlier it was expected to invest RUB 680 million rubles as part of the investment program.
Labinsk saw the completion of phase one of the setup of manufacture of plant-based beverages under the Alpro (Danone) brand, the press office of regional administration reports. The project investment stands at RUB 1 bn.
Rhenus, Germany, laid the first stone of the Kuban logistics center to store seeds and fertilizers with RUB 1 bn already been invested in the project, the regional administration reports.
Decathlon, a company producing and selling sports articles, will invest about RUB 800 million in a new hypermarket opening in Sochi, according to the media office of the Krasnodar Krai Administration.
Novorossiysk industrial zone will host an Audi car factory, Igor Dyachenko, the Mayor of Novorossiysk, posted on his Instagram page.
A new player from the EU may enter the Russian seed market. RAGT Semences, France, wishes to buy a stake in the local Rosagrotrade company which runs its own plant breeding center in Krasnodar. The deal, which may amount to RUB 2 bn, will allow RAGT Semences to develop hybrids for the growing Russian market.