- Projects to digitize Yelabuga's water services and electric network to be presented at the Smart City Russian-wide Forum 25.10.2018
- Huhtamäki to expand production in Alabuga SEZ and switch to paper from plastic in catering 17.10.2018
- Alabuga SEZ once again included in world rating of special economic zones 08.10.2018
- First production of Grodan substrates in Russia opens in Alabuga 02.10.2018
- Alabuga SEZ presents a joint enterprise business plan to Chinese TEDA 01.10.2018
- The SEZ «Alabuga» has launched 4 new enterprises of 1 bln RUB 22.08.2018
- «Alabuga» to present to Chinese investors a business plan on joint venture: the SEZ expects 45 resident-companies of 136 bln. RUB 25.06.2018
- Ford Sollers plant in the "Alabuga" produced a 150-thousandth car 04.06.2018
- "August Alabuga" has received state support from the Industrial Development Fund 30.05.2018
- The President of Tatarstan and the head of the "Stadler" has visited "Alabuga" 26.05.2018
- At the Alabuga’s business lunch at SPIEF reducing the risks of localization in Russia has been discussed 25.05.2018
- Substrates production from Rockwool will open in "Alabuga" in October 25.05.2018
- Service metal center "MMK-Dzhokkunoz-Alabuga" has been opened 14.05.2018
- SEZ "Alabuga" will spend more than 243 million rubles for the modernization of Elabuga water supply 08.05.2018
- "Alabuga" launches the reconstruction of the heating network complex 03.05.2018
- The general director of "Coskunoz Alabuga" became the CEO of the "Coskunoz Holding" 12.04.2018
- Federal subsidies will allow Alabuga to continue upgrading its infrastructure 03.04.2018
- Supervisory Board of “Alabuga” approved 250m USD project of new resident 12.03.2018
- Experience of introducing “kaizen” in Russia was discussed in “Alabuga” 06.03.2018
- Anton Siluanov and Rustam Minnikhanov visited SEZ “Alabuga” 02.03.2018
- “Alabuga” infrastructure construction will be subsidized at the expense of residents’ taxes 27.02.2018
- Turkish delegation of vehicle components producers visited “Alabuga” 20.02.2018
- “Alabuga” was included in cluster “Composites without borders” 15.02.2018
- Fourth recruitment of Corporate University has begun in SEZ “Alabuga” 29.01.2018
- Ford Sollers introduces additional working shift at the plant located in SEZ “Alabuga” 10.01.2018
- In 2017 SEZ “Alabuga” lured 27,6 billion RUR investments 28.12.2017
- German KNAUF purchases Armstrong plant located in SEZ “Alabuga” 21.12.2017
- Graduates of the "Alabuga" Corporate University presented their projects to the Rustam Minnikhanov 08.12.2017
- Construction of complex mineral fertilizers plant started in "Alabuga" 08.12.2017
- Rustam Minnikhanov approves new 18 billion-resident for "Alabuga" 08.12.2017
German KNAUF purchases Armstrong plant located in SEZ “Alabuga”
KNAUF, producer of building materials, announced a purchase of Armstrong assets including the plant of ceiling plates that is operating in the SEZ “Alabuga”. This deal enables the company to rebrand and establish a large-scale international business.
Armstrong sells its divisions in Europe, Middle East and Pacific region in order to concentrate on development in the USA – its main market. The cost of deal is 330m USD.
The head of the KNAUF Group CIS Janis Kraulis told about the deal during the meeting with President of the Republic of Tatarstan Rustam Minnikhanov. The company also buys the title “Armstrong”.
“Armstrong” plant has been operating in the SEZ “Alabuga” from 2015. Investment volume is 3,6b RUR. Production capacity is 20 million m2 of ceiling plates a year.
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