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ThyssenKrupp AG approves Etana deal in Kabardino-Balkaria

April 19/2012
(polyestertime) -- The world’s leading companies have started the construction of Europe’s largest pure polymers plant ETANA in Kabardino-Balkaria. One of the world’s largest industrial companies ThyssenKrupp AG has given permission for the construction of a new plant of its subsidiary Uhde Inventa-Fischer AG, acting as the general contractor and working in technological conjunction with Buhler AG (Switzerland), told ETANA plant’s Director General Sergei Ashin.

According to him, the deal became possible after the adoption at the federal and regional levels of mechanisms for a significant reduction of overall risk. The Russian government and the leadership of the Kabardino-Balkaria Republic took unprecedented steps to support investment projects implemented in the South of Russia.

In addition, the “absolute investment attractiveness”  of the republic with “perfect investment laws and a growing economy” promotes this, and its extensive transport infrastructure, proximity to the Black Sea ports and the maximum demand for the products in the regional economy create high competitive advantages, Ashin said quoting the foreign artners.
Author:Anna Larionova
Category:General News
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