Russia: TechnoNicol plans to invest around Euro350m towards building two stone wool plants as well as other expanded production in other business areas including agricultural applications. A 1.5Mm3/yr stone wool plant will be built in the Novgorod special economic zone, according to the AK&M Information Agency. Construction of a new 1.4Mm3/yr stone wool plant near Almaty in Kazakhstan is scheduled to start in the first quarter of 2022. Both project have a combined an investment of Euro127m. Additionally, the insulation producer is reportedly looking for a site to build an additional stone wool plant in the far east of Russia.
The company also plans in 2022 to launch a new production line for stone wool substrates for use in greenhouse farming at a plant in the Rostov region. Around Euro6m will be spent on the upgrade. Once complete the line will be able to supply the Southern Federal and South Caucasus districts. It will be TechnoNicol’s third production line for mineral wool substrates, joining plants at Ryazan and Tatarstan.
