KASTAMONU plans to open a second factory in Russia

26 december 2014

KASTAMONU plans to open a second factory in Russia

Member of the KASTAMONU Board Aktyurk Yyldyrym and Kaluga Region Governor Anatoly Artamonov signed an agreement of intent. According to the document an investment project - a plant for the production of wood boards - is to be implemented in the SEZ "Lyudinovo."

"The signed agreement points to the seriousness of the company’s intentions to expand its business presence in Russia, - pointed out the KASTAMONU vice president Onur Guven. - Choice of SEZ "Lyudinovo" for a territorial base was not accidental. We were relying on the already existing experience in the special economic zone and, also, geographical and logistical features of the Kaluga Region. The favorable infrastructural and economic conditions were created here for the implementation of a new investment wood board project."

 

Governor Anatoly Artamonov has also confirmed the interest of the administration of the Kaluga Region in investments by Turkish businessmen. He expressed confidence in the successful implementation of the planned investment project.

Construction of a new plant in the SEZ "Lyudinovo" is to be carried out using a scheme similar to that of already opened plant in "Alabuga" - in several stages. In terms of production and range of products, both plants will also be comparable.

KASTAMONU plans to make a major step forward and take a leading position in the global woodworking industry. Russia will be the only country where KASTAMONU will have two powerful facilities outside of Turkey.