Thailand's Charoen Pokphand Foods (CP Foods) will invest more than RUB 4.5 billion in upgrade of its Severnaya and Voiskovitsy poultry farms in the Leningrad region, which will increase the capacity of the largest broiler meat producer in the North-West by 10% up to 275,000 tons of poultry in live weight per annum. The investor expects that the added output will be exported mainly to China. Russia now supplies large amounts of poultry meat to the country; however, local producers should not expect this to continue in the long-term future, experts believe.
IREKS TRIER, GC, the part of the German IREKS GmbH, invests over ₽500 million in the production design of baking and confectionery ingredients in the Lomonosov District of the Leningrad region.
After reconstruction, largest factory in Russia making cardboard out of recycled pulp, KNAUF PETROBOARD was reopened in Kommunar in the Leningrad Region. Germans invested RUB 3.5 billion in the factory.
Schneider Electric plans to launch a production line in Russia to manufacture equipment for automatic pump control systems, the company said to RIA Novosti.
The subsidiary of the Youngsan, South Korean company, has leased the production site of the former Russky Diesel plant in Vsevolozhsk, where it will manufacture parts for Hyundai cars.
"Swedish retailer IKEA has opened a distribution center in the Leningrad Region, covering an area of 19,000 square meters, to carry out direct deliveries within the Northwestern Federal District”, Pontus Erntell, head of IKEA Russia, told reporters on Wednesday.