Technonicol Corporation is ready to invest 4 billion rubles in construction and modernization of plants in two Far Eastern regions. The Corporation's co-owner and managing partner Sergei Kolesnikov said.

"This year, we are planning to reconstruct the mineral insulation plant in Khabarovsk. In the near future, we have plans to implement a new investment project in Primorye," TASS quoted him as saying.

A training center and three new plants are planned to be built in the region. The first will produce roll-fed bitumen materials, the second - heat insulation from XPS extrusion polystyrene, and the third - recycling of secondary polymers.

According to Kolechnikov, now we are looking for sites for the enterprises, the location is being agreed with the authorities of the Primorsky Territory.

"In addition, Vladivostok and Primorsky Krai are a convenient location for exports to the Asia-Pacific region. This is why we intend to commission new production facilities and reconstruct the existing ones," he stressed.

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Author: Maria Buzanakova