Finland’s EKE Group will build three class A office centers and a four-star hotel at the site of former San-Galli ironworks in Saint Petersburg. Investment in the project will stand at €120 m, the company’s press office reports.
Saint Petersburg State Chemical Pharmaceutical University (SPCPA) in cooperation with the South Korean Gaia (engaged in the organic waste treatment) are planning to establish a scientific center for organic waste recovery in Saint Petersburg. On Tuesday, a memorandum on scientific and technological cooperation was signed between the university and the representative office of the South Korean company in Russia and the CIS countries, reports a TASS correspondent.
An automobile engine plant will be built in Saint Petersburg by October 2021 as part of the Hyundai production localization. Governor of Saint Petersburg Alexander Beglov and CEO of Hyundai Motor Manufacturing Rus Kyeongsu Son took part in the new plant groundbreaking ceremony on Tuesday.
Hyundai bought a General Motors factory in St. Petersburg which was closed in 2015, the South Korean car manufacturer said.
Hyundai Motor intends to buy the closed GM Auto plant in Shushary (Saint Petersburg). The Korean company has already submitted a corresponding request to the Federal Antimonopoly Service (FAS) registered on July 24, Interfax reports.
Hyundai VIA Rus (part of the Hyundai auto group, produces engines) has received a permit to build an engine plant in Saint Petersburg. This was reported on Monday by the press service of the State Construction Supervision and Inspection Service of Saint Petersburg.