LafargeHolcim, a Franco-Swiss company and a leading manufacturer of building materials, this year expects to complete the modernization of its factory in Volsk, Saratov Region, with RUB 18.5 bn of investments, the press service of the Saratov Region’s Ministry of Economic Development informed RIA Novosti.
The French SNF Group will invest ₽6 billion primarily in the construction of acrylamide and polyacrylamide production unit at the site of the Saratovorgsintez, petrochemical enterprise, Andrey Arkhipov, the Minister of Industry and Energy of the region said.
A plant for the production of hydroturbines and their components for hydroelectric power plants (HPPs) has opened on Wednesday in the city of Balakovo, Saratov region, the total investment in the project amounted to about RUB 2.5 billion, TASS was informed in the press service of the regional government.
Bosch decided to sell 51% of the shares in OOO Euroradiators, Engels euroradiators factory, to Purmo Group, a Finnish radiator manufacturer. Bosch press office informed that the German owner will retain over 49% of shares.
On Monday, July 14, the French company Air Liquide launched an industrial gas production plant in the Balakovo district of the Saratov region, the press service said.
Navien, the South Korean company, that manufactures heating diesel and gas boilers, might launch production in the Saratov Region. One of the sites proposed to the Investor is the Priority Development Area, established in Petrovsk. As said Oleg Galkin, head of the regional Ministry of Investments, during today's press conference, in late spring and early summer, the partners from South Korea will again visit the Saratov Region. Navien is one of the largest manufacturers of heating systems in South Korea. The line of its boilers even includes a hybrid model that is able to run on both gas and solar energy. Boilers are exported to Russia, China, Kazakhstan, Japan, Turkey, Greece, Poland, Netherlands, United States, New Zealand and Brazil.