MOSCOW TIME: 20.10.2019 04:13:33

A RUB 350 mln cosmetics plant to be erected in STUPINO QUADRATE special economic zone

A RUB 350 mln cosmetics plant to be erected in STUPINO QUADRATE special economic zone

Elair Cosmetic became the seventh resident of STUPINO special economic zone. Elair Cosmetic is Uzbekistan's leader in producing cosmetic products. The company has been on the market for three years now with more than 20 types of high quality cosmetic products being produced. The company's name in Russia will be DELOGRO.



A RUB 350 mln cosmetics plant to be erected in STUPINO QUADRATE special economic zone


Elair Cosmetic became the seventh resident of STUPINO special economic zone. Elair Cosmetic is Uzbekistan's leader in producing cosmetic products. The company has been on the market for three years now with more than 20 types of high quality cosmetic products being produced. The company's name in Russia will be DELOGRO.


According to the GDP Quadrat, the project developer, the Uzbek and Russian company intends to invest RUB 350 mln in the construction of the cosmetics plant to be erected inside an industrial district.


Representatives of Elair Cosmetic say the company is going to import necessary ingredients in Russia free of any duties or VAT, produce locally and make exports abroad.


STUPINO QUADRATE Industrial District is located 73 km from Moscow and is Russia's only private special economic zone.



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