Russian Republic of Bashkortostan to implement 11 new projects

Agreements on a host of new construction projects in the Russian Republic of Bashkortostan (Volga) were reached at the Investment Interregional Forum Trans-Ural-2012. Overall investment in the 11 projects will exceed € 170million (RUB 7bn). Among the projects are the construction of a dairy plant in the Baimak district; the development of marble processing production in Abzelilovsky district; the setting up production of 4,000tonnes a year of manganese steel cast products; the reconstruction of a mill for s

June 29, 2012 Read time: 1 min

Agreements on a host of new construction projects in the Russian Republic of Bashkortostan (Volga) were reached at the Investment Interregional Forum Trans-Ural-2012.

Overall investment in the 11 projects will exceed € 170million (RUB 7bn). Among the projects are the construction of a dairy plant in the Baimak district; the development of marble processing production in Abzelilovsky district; the setting up production of 4,000tonnes a year of manganese steel cast products; the reconstruction of a mill for soft wheat; and a sunflower processing plant of Sibay Elevator. Over 1,300 new jobs will be created as a result of these projects.

Asia-Cement to build plant in Nizhny Novgorod region of Russia

Asia-Cement is building a cement plant in the Nizhny Novgorod region (Volga). The first stage will be launched in 2013, the second in 2015. The designed capacity is up to two million tonnes of PTs-50 cement per annum. Investments are estimated at over €271.18 million (RUB 11bn), with €122.81million (RUB 5bn) already spent. Asia-Cement, VEB, and the Export-Import Bank of China have provided funds for the project. The enterprise profitability is expected to reach 5-6%, revenue €307.03 million (RUB 12.5bn), pr

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The biggest country in the world, with probably the most diverse geology, Russia is also a relative newcomer to some of the Western business practices and attitudes that its global counterparts take for granted. After the collapse of communism, Russia had no SME style businesses as we see them in the West - dynamic and aggressive developers of new markets and ideas that can move geographically and economically to fill voids in the marketplace.