The project will be implemented by Pravdinskoe Pork Production 2 (member of Russia Baltic Pork Invest (RBPI Group), Norway, whose major holder is Charoen Pokphand Foods, a Thai investment fund.
The investments will make about RUB 10 billion,with almost 500 new jobs to be created.
Volkswagen has announced the launch of production of the Taos SUV at the GAZ Group plant in Nizhny Novgorod. Investments in Taos production amounted to EUR 63 million (about RUB 6 bn).
Stada, an international pharmaceutical company, plans to invest €13 million to expand its pharmaceutical facilities in Russia within the next three years, says the company's release after discussions at the 3rd Stolypin Forum called The Immune System of the World Economy.
Stada Group expects to spend about EUR 10 million to switch a number of its pharmaceuticals from foreign sites to the Nizhpharm plant in Nizhny Novgorod in the coming three years.
Pravdinskoye Pig-Breeding Production-2 LLC is going to build commercial pig-breeding units for RUB 4.7 and 4.9 bn in two districts of the Nizhny Novgorod Region.
Rusvinyl (a joint venture between SIBUR and Solvay, Kstovo) has launched a pilot production of sodium hypochlorite, which is used in the production of antiseptics, disinfectants and bleaching agents for household, industrial and medical purposes. After pilot operation and market research, the plant plans to switch to its commercial production, the press service of the company said.