R&P POLYPLASTIC engages in an investment program in Saratov region.

On Friday, November 27 The Ministry of Economic Development, Saratov region, and R&P POLYPLASTIC signed an investment contract.
R&P POLYPLASTIC operates an investment project – Establishing a competitive production of composite thermoplastic materials – that resulted in an increase of production capacities including a high-performance production line for compounding of BUSS highly filled masterbatches. Production capacities now reach 60 000 tons with an annual turnover of more than 7 bln rubles.  

 

This project will avail creation of Russia’s largest polymer composites production plant – priority to domestic raw materials will be given to fulfill the import substitution program and benefit domestic car manufacturing companies (first of all AVOTOVAZ), companies engaged in civil construction and localized enterprises of white goods such as SAMSUNG, INDESIT, BOSH, SIEMENS and etc.
Moreover, this project will help create additional jobs in Engels city, will increase tax deductions into budgets of all levels.
This contract was made possible due to a fruitful cooperation between representatives from both companies and local authorities. Alexandr Pavlov, CEO R&P POLYPLASTIC, commented, “I wish to extend a sincere gratitude to regional authorities from our company. We do appreciate Mr. Governor Valeriy Radaev for his assistance and impact in the development of Saratov region. In addition, we do appreciate Mr. Vladimir Pozharov, personally, – Minister of economic development and investment policies – and his team”.
For the sake of achieving, the goal of turning Saratov region to one of Russia’s most dynamically advancing regions through the development of investments and resources, local authorities have been supporting mutually beneficial cooperation with R&P POLYPLASTIC.