The investment project together with the Government of the Ulyanovsk region make investments in the amount of $220.000.000. It is more than 6 billion rubles invested in creation of brewery, producing high-quality, fresh production. We expect to make about 3.000.000 hectoliters of beer and we will create more than 300 workplaces at our enterprise. Our choice has fallen to Ulyanovsk after detailed study of all possible variants. In the autumn of 2006 we chose the Ural-Volga region as the most perspective for placement of a new brewery based in Ulyanovsk. We estimated different platforms by many criteria. And the Ulyanovsk region drew our attention due to highly-skilled personnel and infrastructure. Ulyanovsk turns out to be a convenient logistical centre what in turn has proved our choice. One of the main advantages of the Ulyanovsk region is its particular investment climate and attentive relation of the regional government to our questions and issues that allows us to be assured of our investments.
We have decided to construct two factories in the Ulyanovsk region. Our factory of pet forages with capacity of 45 thousand tons is under construction in the Mirny settlement. The chocolate factory will be constructed in the Cherdakly settlement in 30 km from Ulyanovsk and produce 35 thousand tons of confectionery products. Within the next 5 years we expect increase in capacity to more than 100 thousand tons. Total investments will make about 5 billion rubles, what will provide over 500 new workplaces. We have chosen the Ulyanovsk region because we run powerful business in Southern and Privolzhsky regions, and local transport infrastructure is developed enough, there are skilled human resources. Moreover support and help of the Government of the Ulyanovsk region are also very important. We have great big plans in Russia.
Constructing our first plant in Russia we are planning to extend the structure of our supplies and also we hope to contribute to development of the automotive industry in the Ulyanovsk region which pays much attention to the safety of road traffic.
In Ulyanovsk there coincided three main components: inestimable support of the Governor, advantageous logistic location and skilled personnel.
Many regions of Russia were interested in building of such a plant in their territory. The team of representatives of TAKATA-PETRI visited them and explored all the conditions in each region very thoroughly. Our management also met with the heads of different regions as a result the choice was made in favour of the Ulyanovsk region because there we found a qualified approach to resolving issues, good infrastructure, skilled personnel, convenient location. Also we obtained great administrative support from the Government and Ulyanovsk region Development Corporation.