Tatarstan President launches construction of two new plants in Alabuga SEZ

On November 7, Tatarstan President Rustam Minnikhanov, Head of Yelabuga region Gennady Emelyanov, Director General of Alabuga Special Economic Zone (SEZ) Timur Shagivaleev, representatives of ministries and agencies took part in a solemn ceremony of launching of construction of two new plants “IGS Agro” and “August-Alabuga”.

OOO “IGS Agro” will cultivate champignon mushrooms and produceу compost. it is planned to ship up to 10.8 thousand tons of mushrooms and 40 thousand tons of compost per year. The company management has held negotiations with Russian chain stores. The total amount of investments exceeds 1.5 bln roubles, the payback period is five years. The production is to be launched in the third quarter of 2017.

Director General of OOO “IGS Agro” thanked Rustam Minnikhanov for his support.

“August” is the biggest Russian company producing crop protection agents and polymer containers for their packaging. Currently 70 per cent of sales accounts for the Russian market. The total amount of investments will make 3 bln roubles. The production is to be launched in the fourth quarter of 2018.

Speaking at the ceremony, Minnikhanov said that “August” is the biggest company in its sector and enjoys confidence of customers and partners.  He added that being a large agricultural producer, Tatarstan would become one of the main partners of “August-Alabuga”.