Construction of Armstrong factory started at SEZ “Alabuga”

An American factory “Armstrong” producing ceiling panels will start operating at SEZ “Alabuga” by the end of 2014. A solemn foundation stone laying ceremony was held today with participation of Tatarstan President Rustam Minnikhanov.

Director General of OAO “Special economic zones” Mikhail Trushko, President of Armstrong World Industries Matthew Espe participated in the event.

The American company “Armstrong” is the founder of suspended ceilings production. Tatarstan factory will be the first in Russia. Total amount of investments will make 100 mln dollars. Annual production capacity is expected to make 22 mln m² of ceiling panels.

Rustam Minnikhanov said that it is an important event for Russia and thanked company’s management for choosing SEZ “Alabuga” as the construction site.

Rustam Minnikhanov promised that Tatarstan leadership will render overall support.

President of Armstrong World Industries Matthew Espe thanked Rustam Minnikhanov for his personal support and support on the part of republican authorities. He also expressed gratitude to Deputy Minister of regional development Sergey Darkin and Director General of OAO “Special economic zones” Mikhail Trushko.

In the interview after the ceremony Mikhail Trushko called SEZ “Alabuga” the leader among all economic zones in Russia.