Russian Federal Antimonopoly Service approved the acquisition of a 39.38% stake in OOO Lam Weston Belaya Dacha by LambWeston/Meijer LWM CIS B.V., a Dutch company, reports FAS. Lam Weston Belaya Dacha runs the first french fries factory in Russia. The company’s key holder with a 64.48% stake is Viktor Semyonov's Belaya Dacha, with other shares are held by LWM CIS B. V. If the deal is closed, the stake of LambWeston/Meijer may grow to 74.5%.
KWS, European seed company, has started construction of its plant to produce hybrid sugar beet seeds on the Elets site, Lipetsk SEZ, the regional administration said to Komersant-Chernozemye. The project in SEZ is run by the company’s subsidiary: KWS Seed Plant.
Air Liquide will invest about EUR 100 million in NLMK production site in Lipetsk. The French company will build a modern air separation unit (ASU) in Lipetsk and acquire assets for the production of hydrogen and rare gas concentrates from NLMK, Air Liquide statement said.
OOO Sest-Luve (a subsidiary of Sest SpA, Italy, a member of LU-VE international group), a resident of Lipetsk Industrial Type Special Economic Zone, will set up production of air condensers and dry coolers up to 13.5 m long by investing over €3 mn in the project, informed the Lipetsk Region administration press office. Phase 1 investments will make €1.5 mn.
The Elets District Administration, Lipetsk Region, granted the permit to Swiss Syngenta authorizing it to build its CPP plant in Lipetsk SEZ. The project had been earlier reviewed by the National Environment Appraisal Board and had been granted a favorable opinion issued by Glavgosekspertiza of Russia. “The Glavgosekspertiza opinion proves that the design documentation for the CPP project is in accordance with the outcomes of the engineering survey and the project statement and complies as well with technical regulations and other statutory requirements,” the SEZ press service claimed.
KWS has begun construction of a sugar beet breeder seed production plant in the Lipetsk Special Economic Zone (SEZ) in the Lipetsk Region, TASS reports citing the press service of the Regional Government. EUR 18 million (over RUB 1.4 billion) will be invested in production facility with a capacity of 650 thousand seed units per year. The products are planned to be sold to Russia, supplied to Belarus, Kazakhstan and other neighboring countries. To implement the project, the company was provided with a 5 ha land plot, where an enterprise with a total area of 7.9 thousand sq. m will be built. Production start-up is scheduled for late 2021. So far, the company has finished the foundation laying.