A Belgorod based company to invest 2.5 billion in wallpaper production

Industriya, a Belgorod based limited liability company, will invest RUB 2.5 billion in a wallpaper plant to manufacture 1.5 million Euro-rolls, according to the company's CEO Vadim Zaytsev

A Belgorod based company to invest 2.5 billion in wallpaper production

Industriya, a Belgorod based limited liability company, will invest RUB 2.5 billion in a wallpaper plant to manufacture 1.5 million Euro-rolls, according to the company's CEO Vadim Zaytsev

He said that the company had already purchased title to a site. The project is going to be implemented in two phases – the first phase will be launched as early as in spring this year with the second one being expected to be commissioned in late 2017.

The Press Office of the Regional Government has reported that the project has been approved at its meeting and the company is reconstructing a production shop and constructing an additional production shop, administrative building and warehouse capacities. The production facility will feature German wallpaper production strings. The product range will be focused on various consumers. The facility is expected to create at least 250 job opportunities.

LLC Industriya was incorporated in 2014 in the city of Belgorod and its authorized capital is RUB 7.4 million. Mr. Zaytsev is the company's director and the company itself is owned by GAS INVEST PTE. LTD, a Singapore entity.