KTand G Invested In Tobacco Plant In Russia $100 Million

The Korean company KT and G has opened in the Kaluga region of Russia a plant for the production of tobacco products. In half a year since the start of the construction of a plant the size of investments in the project amounted to $ 100 million. Totally the construction will cost $165 million.
It is expected that in the medium term, production will amount to 15 billion cigarettes a year. According to the calculations of the company, opening its own plant will enable it to strengthen its position in the Russian market by four times increasing the extent of its presence.  

In 2009 KT and G managed to take 1% of the Russian tobacco market, the company says, while in the category of Super Slims cigarettes  the proportion of Koreans accounted for 7,2%. Another reason for building their own plant in Russia KT and G named the desire to expand the local network of sales due to the direct management of distribution.

L'Oréal Opened First Production In Russia

Major French companies have chosen Kaluga region for their location. The world leader in the beauty industry - the French company L'Oréal, has opened at the Kaluga land Russia's first production. "... Opening of the plant is truly significant event for the Kaluga region, and it clearly demonstrates the capacity of the regional administration in the region to attract large investments and carry out large-scale projects" - said the Prime Minister of Russia Vladimir Putin in a congratulatory telegram.

The fact that the Kaluga region has managed to create the most favorable investment climate, confirmed in his speech, and was present at the opening ceremony, French Ambassador to Russia Mr. Jean de Gliniasty: "Today, the largest French companies have chosen exactly the Kaluga region to accommodate their productions here . Just recently I was at the opening of automobile factory Peugeot-Citroen. Today, a French company with a worldwide reputation L'Oréal has built a factory here".

"... These projects are an example of developing and strengthening partnerships between the two countries, two close nations" - summed up the Governor of the Kaluga region, Anatoly Artamonov. In addition, the head of the region highlighted a number of social initiatives, the company L'Oréal: in the Kaluga region since 2009 the project "The world of childhood with L'Oréal" aimed at comprehensive support for children living in institutions. The touching performance of vocal ensemble of one of the Kaluga orphanage was the culmination of celebrations of the opening of the plant.

Plant of L'Oréal in Russia is located in the industrial park Vorsino Borovsky District, Kaluga region. The plant in Vorsino - this is the first investment project of L'Oréal in Russia. Construction of the plant, which began in July 2009, was done in the shortest possible time, just 14 months. At the factory area of 10,000 square meters, L'Oréal plans to produce shampoos, conditioners and hair dye brands L'Oréal Paris and Garnier. In the first phase of the planned plant capacity reaches 120 million units in the future we plan to double the performance and range of products. Currently the plant employs about 60 professionals, the end of 2010 the total number of employees will be 120 people, most of them - the inhabitants of the nearby city of Obninsk and Balabanovo.

Information provided by IA KALUGA

Peugeot Citroen, Mitsubishi & Volkswagen Plants In Russia

The French Peugeot Citroen and Japanese Mitsubishi launched today a plant vehicles in Kaluga Region in Russia. 

Investments in the project amounted to 470 million Euro. The new venture will produce five models of cars - Peugeot 308, Peugeot 407, Citroen C4, Citroen C-Crosser, as well as the Mitsubishi Outlander XL. These models of C-class are designed for implementation in the Russian market.

Production of a full cycle of the plant will begin in 2012. During this period, annual production capacity will be 125,000 vehicles, including 85,000 sedans and 40,000 four-wheel drive vehicles.

It is worth noting that this is not the first foreign car producing plant in Kaluga. In November 2007 there appeared a factory of Volkswagen. It produces Skoda Octavia, Octavia Combi, Octavia Tour, Octavia RS, Octavia Scout, Skoda Superb, Skoda Roomster, Skoda Fabia, Skoda Fabia Combi, Skoda Yeti, Volkswagen Passat, Volkswagen Passat CC, Volkswagen Tiguan, Volkswagen Golf, Volkswagen Touareg, Volkswagen Jetta, Volkswagen T5, Volkswagen T5 lang, Volkswagen Caddy and the Volkswagen Caddy maxy, Audi A4, A5, Q5, A6 and Q7. 

 In October last year the plant was running full-cycle production of Volkswagen Tiguan and Skoda Octavia. Next week it is planned to start production of a full cycle of updated Skoda Fabia.

Nat Lawyer
Unel Legal Consulting

Menarini Group New Plant in Russia

The Government of the Kaluga region and direction of Berlin-Chemie, which is part of one of the leading Italian pharmaceutical associations Menarini Group, agreed to build a plant worth 30 million Euro for the production of pharmaceutical products. 

Corresponding agreement was signed on Friday in Florence, told deputy governor of the Kaluga region Maxim Akimov.  

Menarini Group sells its products in the markets of more than one hundred countries.  

"The new facility will be built as part of a pharmaceutical cluster in the Kaluga region. It will be a full-cycle plant for production of pharmaceutical products "- Akimov said. 

The project will be implemented in the industrial park "Grabtsevo" in the Kaluga region, while the regional government will provide all the necessary engineering infrastructure, will hold staff training. 

"Construction will begin in July, the project will be implemented within two and a half years", - explained Akimov.

Nat Lawyer

Unel legal Consulting