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.
The Krasnodar CLAAS plant received the permit for a masssive plant modernization. It provides for the installation of new equipment and an increase in the grain harvester production area. The Head of Krasnodar, Evgeny Pervyshov, personally handed the construction permit to Michael Ritter, CEO CLAAS Krasnodar, the mayor's office said.
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.
The authorities of the Krasnodar Territory have provided a property tax relief for a period of five years to the investor in the construction of a new three-star hotel in Krasnodar, which will operate under the international Hampton by Hilton brand and will open during the 2020, the press service of the Krasnodar Territory Administration reported on Tuesday.
Petek Un, Turkish company, is considering an option for building two flour mills in Kuban. This was announced by Nurettin Demirpolat, the Chairman of the Board of Directors at the meeting with Veniamin Kondratiev, the Governor of the Krasnodar territory. It was previously assumed that the meeting would take place at the Russian Investment Forum in Sochi, but due to its shift, negotiations were not postponed.