Finland's Betset is to launch Phase I of its new plant for reinforced concrete structures in Pushkin near St Petersburg, Russia.
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It will produce various kinds of custom panels for industrial and residential construction.
The capacity of Phase I is up to 300,000m³ of wall panels and 50,000m³ of reinforced concrete frameworks.
Products will be delivered to St Petersburg-based and Finland-based developers.
The plant employs 150 people and is planning to expand its staff to 500 people.