Rockwool plant to be launched at SEZ Alabuga in the beginning of 2012

The construction of plant of heat-insulating materials of Rockwool company at special economic zone Alabuga is drawing towards completion. Issues of preparation for production startup were discussed today at a meeting of Tatarstan President Rustam Minnkhanov with CEO of Rockwool Russia Group Nick Vince in RT Government House.

Opening the meeting Rustam Minnkhanov marked Rockwool company is one of the main residents of SEZ Alabuga. It became one of the first resident companies of special economic zone, and the plant of heat-insulating materials is a trademark of SEZ. Tatarstan President reminded production of heat-insulating materials fits into the energy-saving program well.

The production capacity of new enterprise will make about 110 thousand tons of heat-insulating materials based on rockwool per year. Head of Republic highlighted the first launching complex will ensure production of 11 % of the total volume of the Russian heat-insulating market.

Nick Vince said Rockwool company decided to become a resident of SEZ Alabuga when special economic zone was just being created. Funding of the plant construction was not stopped even during the crisis period. All equipment has now been delivered to the enterprise and it is currently being installed. Staff recruitment is being realized as well.

By words of Nick Vince the first commercial output can be produced at the plant in the beginning of 2012. Head of Rockwool Russia Group thanked Tatarstan leadership and personally the President for attention and support given to the company.

In the course of meeting parties discussed some issues connected with preparation of production startup. Rustam Minnkhanov assured Nick Vince that republican leadership is ready to continue supporting the company in its activity implemented in Tatarstan.