MOSCOW (MRC) - The Polymer Group-Kaluga company will build a plant for the production of polyethylene agro-stretch films, covering films and bags at the Lyudinovo site of the Kaluga SEZ, the company said.
The volume of investments in the project will amount to Rb180 mln. 111 new jobs will be created. The commissioning of the facility is scheduled for the end of 2022, the Agency for Regional Development of the Kaluga Region reported.
According to the company, the volume of the created production will cover up to 3% of the market for agricultural film produced in Russia. The project takes into account the requests of partner companies, and its implementation will fully cover their needs in this product segment.
The approval of the application for obtaining the status of residents of the special economic zone "Kaluga" was adopted on June 22 at a meeting of the expert council chaired by the Deputy Governor of the Kaluga Region Vladimir Popov. The total investment in the two projects will amount to more than Rb570 mln.
Earlier it was reported that BASF and the Fabbri group of companies have developed a biodegradable film for food packaging. Based on ecovio, a certified biodegradable material from BASF, the Fabbri Group produces Nature Fresh, a highly transparent stretch film. This product is the first certified biodegradable film for foodstuffs, combining optimal breathability, long shelf life, high transparency and excellent mechanical properties for automatic packaging.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 744,130 tonnes in the first four month of 2021, up by 4% year on year. Shipments of all PE grades increased.
SEZ "Kaluga" consists of two sites located in different parts of the region - in Lyudinovsky and Borovsky districts, where all the regional advantages regarding access to engineering, transport and business infrastructure, as well as federal tax incentives and customs preferences apply.
MRC