MOSCOW TIME: 14.08.2018 17:03:23

Economy + Local News + Markets

US company intending to produce 25 mln liters of varnish and paint at Lipetsk SEZ

US company intending to produce 25 mln liters of varnish and paint at Lipetsk SEZ

A car paint which is used by virtually all machine-building plants will now be produced in Lipetsk. The new US plant designed to produce PPG paints and varnishes has been launched in the SEZ



US company intending to produce 25 mln liters of varnish and paint at Lipetsk SEZ


A car paint which is used by virtually all machine-building plants will now be produced in Lipetsk. The new US plant designed to produce PPG paints and varnishes has been launched in the SEZ.


Annually, the plant's conveyor will release 25 mln liters of varnish and paint. A half of the products is designed for the automotive industry. The paint of this brand is used by VAZ, GAZ, KamAZ and a domestic branch of Toyota. The remaining 50% of the products are substantially coatings for industrial and packing metals. Paints for ships and aircrafts will also be produced. Today, the plant uses ready-made formulas. The next stage is to create a new color pallete. The symbolical ribbon was cut by the Deputy Minister of the Russian Agriculture Ivan Lebedev, the Governor of the Lipetsk Region Oleg Korolyov and PPG’s Chief Executive Officer Michael McHarry.



Share this:

Share this Share this Share this

NEWS


14.08.2018 Trade turnover between Kazakhstan's Mangystau, Russia up by over 9%

The trade turnover between the Mangystau region of Kazakhstan and the Russian Federation amounted to more than $52 million in the first five months of 2018.

14.08.2018 Russia-US Trade Turnover Increased By 11.3% In First Half Of 2018

According to the Federal Custom Service of Russia, from January to June, 2018 Russia-US trade turnover has amounted to $11.816 bn and thus increased by 11.3% compared to the sa...

14.08.2018 Russia-EU Trade Turnover Increased By 21.5% In First Half Of 2018

According to the Federal Custom Service of Russia, from January to June, 2018 Russia-EU trade turnover has amounted to $143.96 bn and thus reached a 21.5% annualized growth.

EVENTS


06.06.2019 00:38:00 St. Petersburg International Economic Forum 2019

June 6-8, 2019 Russia (St.Petersburg)

21.11.2018 00:25:00 UZPRODTECHEXPO-2018

November 21-23, 2018 Tashkent (Uzbekistan)

31.10.2018 00:05:00 UZENERGYEXPO-2018

October 31 November 2, 2018 Tashkent (Uzbekistan)

INTERVIEWS


18.04.2018 Pskov State University Increases Its International Student Body Thirty...

Higher education can be a profitable export business, provided the system is built correctly and qua...

FEA Education


03.05.2017 Anna Trubetskaya: "Business should be built on Russians"

About the models of business development in another country and professional secrets is told by a practicing expert on work in international markets Anna Trubetskaya

Our partners