MOSCOW TIME: 26.04.2024 05:47:20
Turkish companies “Mir Holding” and “Design Group” create a production of polyethylene and polypropylene composite pipes in special economic zone “Alabuga”, as press-service of Tatarstan Investment Development Agency reported
An ambitious project with Turkish partners
Turkish companies “Mir Holding” and “Design Group” create a production of polyethylene and polypropylene composite pipes in special economic zone “Alabuga”, as press-service of Tatarstan Investment Development Agency reported. The Agency realizes a support of this project. Composite pipes feature high durability, corrosion resistance, longevity and flexibility.
A new factory is planned to open in this year and generate 88 work positions. A project capitalization is $28 mln, a volume of investment at the first stage reaches $12 mln. The project is expected to be recovered in 4 to 7 years.
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