Supervision board of SEZ “Alabuga” approves four new projects

Four new projects have been approved by members of Supervision board of Special economic zone “Alabuga” (the Republic of Tatarstan). The session of Supervision board was held by President of the Republic of Tatarstan Rustam Minnikhanov.

The first project was presented by OOO “Armstrong Building Products” - a producer of ceiling plates. Armstrong World Industries was founded in 1860 in Pittsburg (USA). Its consolidated net sales made 2,9 bln US dollars in 2011. The company has been working in Russia since 1993.

After studying Russian regions, in February 2012 the company informed about their plans to invest 2,3 bln roubles in founding a plant at SEZ “Alabuga”. To the point, it is the first industrial investment project in Russia.

By the way, advantages of SEZ “Alabuga” are proximity of main product markets, ready-made infrastructure, and presence of highly skilled personnel. First output is meant to be produced in the first quarter of 2015. Annual production capacity is expected to make 22 mln m², construction to be started in 2013.

Commenting on the presentation made by OOO “Armstrong Building Products” officials Rustam Minnikhanov said that the project is in demand adding that the company’s output is already being used in Tatarstan upon construction of Universiade, health care, and education objects.

The second presented project was OOO “RMA Rus” - production of steel ball valves for oil and gas producing industry.

RMA Pipeline Equipment intends expanding the production in Russia on the territory of SEZ “Alabuga”. Funding will be provided at the company’s own expenses. Investment amount will make 1,7 bln roubles. Production is meant to be launched in August 2013.

The third project – OOO “EcoTechnologies-Alabuga” implies production of high-quality granulate by recycling of waste tyres. The project has obtained support of the Agency of strategic initiatives. 20 enterprises are now engaged in recycling of waste tyres in Russia. By the way, the plant founded at SEZ “Alabuga” will become most up-to-date.

The last project considered at the session of the Supervision board was OOO “East Bolt Elabuga” - production of bakery goods for fast food restaurants McDonalds. OOO “Heavy Logistics Elabuga” is a logistics partner of OOO “East Bolt Elabuga”. The project’s funding makes 215 mln roubles. Tatarstan - made products (flour, sugar, butter) are planned to be used in the context of the project.

Thus, due to realization of new four projects new kinds of food, automobile, chemical and construction industries will be produced at SEZ “Alabuga”.