Korea Land & Housing Corporation (LH), a South Korean corporation has incorporated LH Primorye in the village of Volno-Nadezhdinskoye, Primorye Territory, to be the operator of the Industrial Park for the Korean business, currently under construction, IA PrimaMedia reports. The expected project investments will account for up to RUB 200 bn.
The plant of Mazda Sollers Manufacturing Rus in Vladivostok has opened a new workshop for mechanical treatment of the cylinder head (CBD) for Mazda SkyActiv-G engines. Investments in the project totaled more than RUB 4 billion, the maximum capacity of the line - up to 50 thousand engine parts per year, according to the press office of Mazda Sollers. As noted, with the launch of the new section of the engine plant, the local content of engines produced has increased significantly, and new jobs have been created.
Keienji Chemical, a resident of Free Port Vladivostok, has launched an automotive cosmetics factory under the South Korean brand KANGAROO, well-known in Russia and world-wide.
A South Korean company plans invest in the Primorye gambling zone. The relevant memorandum was signed by Primorsky Krai Development Corporation and Plgen Holdings Co. Ltd. An investment agreement for the construction of new facilities will expectedly be entered into by April 30, 2022.
Currently, companies from Hong Kong, Russia and Cambodia operate in the Primorye gambling and entertainment resort. Plgen Holdings Co. Ltd may become the first Korean investor to implement a hotel and casino construction project in the Primorye gambling zone.
Sollers Group plans to fully localize the production of Mazda cars in Vladivostok, including the car electronics, said Vadim Shvetsov, Chairman of Sollers, at the St. Petersburg International Economic Forum.
Hong Kong-based Summit Ascent Holdings Ltd plans to invest $300 mn in the construction of the second phase of the Tigre de Cristal entertainment center in the Primorye gambling zone near Vladivostok, the regional government said.