A German investor has put into operation a new plant for plastic packaging, “Jockey Plastic”, on the “Zavolzhie” industrial park in the Ulianovsk region.
As local media has reported, the implementation of the project will cost 900m roubles, 700m roubles of which have already been invested.
The work has taken three years. 50 jobs were created on the first stage, and there is the prospect of a two-fold increase in staff.
After the plant achieves its projected capacity, it will produce more than 4,000 tons of product a year, to be delivered to Russia and Kazakhstan.