French build cross-connect equipment factory in Russia for $17,5m

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French build cross-connect equipment factory in Russia for $17,5m
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A French company has started construction of a new factory producing low-voltage cross-connect equipment in the Ulyanovsk region, Russia.




As Construction.RU was told on Friday by the press office of the regional administration, a ground-breaking ceremony was held yesterday in Zavolzhye industrial park.

The factory is planned to be erected until the end of 2018 and is designed to manufacture low-voltage cross-connect equipment.

A total area of the construction site will amount to 22,000 square meters. The investor is going to spend over 1 billion rubles ($17,5 million) within two year for the project implementation.

No less than 300 new jobs are expected to be created at the enterprise.

As a reference, the Ulyanovsk region, which is located in the southeastern part of European Russia, has substantial reserves of raw materials used in industry, including sand, cement and clays.



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