The Chinese company Sinosteel Equipment & Engineering has signed an agreement with the Matiinsky plate production factory on the joint construction of a powerful plant for plate production in the Kemerovo region for 6 bln rubles.
As the regional press office told Construction.ru, the new plant will start work by 2020. The Chinese party has undertaken the finding of financing before the end of July, 2016. Total project investments are assessed at as much as 6 bln rubles of joint finance. The capacity of the plant will be 120,000 m3 a year. About 500 jobs are to be created there.