The Stavropol regional authorities have signed an agreement with an investor for the construction of a plant for 1.05 bln roubles to produce radiators in Nevinnomyssk.
As the regional government’s press office told Construction.ru, the plant will be built in 3 stages on the territory of a regional industrial park in Nevinnomyssk. In 2017, the first stage of the plant, costing 350m roubles, will be put in operation. 150 new jobs will be created.
Upon achieving full capacity (by 2020), the number of workers will increase to 500. The new production is expected to take 6-7% of the domestic market for aluminium radiators. Work on the construction site has already started.