MOSCOW (MRC) - TechnoNIKOL, Europe's largest manufacturer and supplier of roofing, waterproofing and heat-insulating materials, will build factories for the production of heat-insulating materials in Kazakhstan, the company said.
Chairman of the Board of JSC National Company KAZAKH INVEST (Kazakhstan) Meirzhan Yusupov and Co-owner and Managing Partner of TechnoNICOL Corporation (Russia) Sergey Kolesnikov signed a cooperation agreement within the framework of the XVII Forum of Interregional Cooperation between Kazakhstan and Russia, which this year was held online with the participation of the President of the Russian Federation of Vladimir Putin and President of the Republic of Kazakhstan Kassym-Zhomart Tokayev.
According to the plans for the implementation of the investment project, TechnoNIKOL will build factories for the production of heat-insulating materials based on mineral insulation and extruded polystyrene foam in Talgar district of Almaty region.
The total volume of investments will be over USD100 mln (7.28 bn rubles). The implementation of the project is designed for the period from 2021 to 2023, and TechnoNICOL plans to move to the active stage of construction in 2022.
The parties expressed interest in the development of long-term cooperation in the Republic of Kazakhstan, which implies the creation of favorable conditions for the implementation of investment projects and support for investment activities.
Earlier it was reported that TechnoNIKOL carried out the modernization of the TechnoNIKOL-Ulyanovsk Plant as part of a large-scale investment program in 2021. The set of measures taken made it possible to increase labor productivity by 20%, to increase the volume of products by 25%, as well as to master the production of heat-insulating materials from extruded polystyrene foam with a thickness of up to 500 mm. The volume of investments amounted to 262 mln rubles.
According to MRC's ScanPlast, July total estimated consumption of PS and styrene plastics in Russia increased by 4% compared to the same month last year and amounted to 46,540 tonnes. The total consumption of PS in the country amounted to 328,980 tonnes, up 23% year on year in January - July 2021.
TechnoNICOL Corporation is one of the largest manufacturers and suppliers of hydro, heat and sound insulation. The company includes 49 factories in Russia, Ukraine, Belarus, Lithuania and the Czech Republic, its own trade network of 140 branches and consulates in 33 countries. The company was founded in 1992 by Sergey Kolesnikov and Igor Rybakov.