New resident of SEZ Lipetsk will invest 2 bln rubles

13 June 2013
Ministry of Economic Development Expert Council considered the project of well-known American company PPG Industries Group that claims to obtain SEZ “Lipetsk” resident status. The total amount of investment is 1 bln 970 mln rubles.

New investor will build a plant for the production of liquid solvent-based & water-based paints and varnishes for Russian and international PPG clients specialized on automotive, industrial, packaging, and ship-building industry.

The total amount of investment is 1 bln 970 mln rubles. The planned plant capacity  is more than 25000 tn. Of production per year. New resident will be provided with an area of 12 ha with necessary infrastructure.

 Mikhail Trushko, CEO of RUSSEZ:

 "PPG Industries" is the world leader in production of paints and varnishes. This company will build the first factory in Russia, which will produce water-based dyes. This technology allows to reduce damage on environment significantly. It has no analogues in Russia. At the same time, the company formed a portfolio of clients. If Russian companies had earlier to import this kind of production, they will be able to purchase industrial paint made in Russian SEZ after the plant is launched.

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