|(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.
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.