The Finnish Peikko Group Corporation, which specializes in the manufacture of connecting concrete elements, plans to open in May a plant for the production of building materials in Russia.
The enterprise is expected to be set up in Parnas industrial zone located in the north of St. Petersburg. According to the company’s press office, the volume of investments in the project totals 5 million euros, with an area of the production complex amounting to 7,500 square meters.
Next month, the enterprise is planned to start releasing various elements for concrete joints, while since July 2018, it will begin the production of composite beams. The plant's capacity will be about 7,000 tons of concrete joints and parts per year, as well as 80-100 composite beams per week. It is assumed that the enterprise will mainly serve the markets of Russia, Belarus, and Kazakhstan.