Russia: TechnoNicol intends to invest Euro65.3m to establish a cluster of automated insulation materials plants in Khabarovsk, Russia.
The project is expected to generate more than 270 new jobs. The units, which will utilise stone wool and extruded polystyrene foam to produce insulation materials, is expected to support domestic demand, reduce the cost of construction products by 25% and improve the energy-efficiency of buildings in the region by 46%. TechnoNicol also plans to increase its exports to the Asia Pacific region and the Americas.
