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News TechnoNicol to invest US$62.2m in construction of two plants in Karaganda

TechnoNicol to invest US$62.2m in construction of two plants in Karaganda

Written by Global Insulation staff
24 October 2014
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Russia: TechnoNicol plans to invest US$62.2m in the construction of two plants to produce insulation products in the Karaganda region of Russia. The company intends to invest US$48m in the construction of a 80,000t/yr capacity basalt insulation plant and US$13.1m in the construction of a 300,000m2/yr capacity extruded polystyrene insulation plant.

The two projects are to be implemented in 2014 - 2016 in the Saryarka special economic zone in Karaganda, creating a total of 285 jobs. The relevant memorandum has been signed by the governor of Karaganda Region Nurmukhambet Abdibekov and TechnoNicol's president Sergei Kolesnikov.

Published in Global Insulation News
Tagged under
  • Russia
  • TechnoNICOL
  • Plant

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