Tatarstan in negotiates with Germany to localize production facilities

Several joint projects were discussed during the visit of Tatarstan delegation to Germany
Tatarstan in negotiates with Germany to localize production facilities
07 June 18:15 2016 Print This Article

Tatarstan is planning to construct a plant for maleic anhydride production together with German partners. The total project cost is estimated at EUR120 mln.

The plant was one of the investment projects discussed during the visit of Tatarstan delegation headed by the President of the Republic Rustam Minnikhanov to Germany last week.

The Republic is highly interested in the development of technologies in transport industry, construction of engineering centers and biomedicine sector. What’s more, Tatarstan is willing to open joint ventures with German high-tech industrialists in the republic.

“We have discussed the spheres where we can work together, in particular mechanical engineering, machine tools production, petrochemicals, plastic products production, medical equipment and biotechnology,” the head of Tatarstan Investment Development Agency Talia Minullin said at a briefing in the Cabinet of Ministers of the Republic of Tatarstan.

According to her, sanctions had a negative impact on German products commercialization in Russian. Therefore, the German partners believe that the localization of production facilities in Tatarstan is one of the opportunities to consider. “Taking into account the devaluation of the ruble, this possibility is also extremely economically favorable now,” the head of the Agency said.

One of the major joint projects is supposed to be the construction of a plant for maleic anhydride production. This substance is used in the production of unsaturated polyester resins, synthetic fibers, detergents, pharmaceuticals, etc. By now there is no facility for its production in Russia exists. The production capacity of the plant is expected to be of 45 thousand tons of maleic anhydride per year.

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