- Alabuga SEZ received 3 nominations in the world ranking 10.10.2019
- Transneft Opens Plant Manufacturing Drag Reducing Agents in Alabuga SEZ 21.09.2019
- «Alabuga» began to prepare engineering personnel for its residents 12.09.2019
- The Supervisory Board of the SEZ “Alabuga” approved new projects for 16.37 billion rubles 17.07.2019
- BOERNER innovative construction chemistry plant worth 650 million rubles opened in the SEZ “Alabuga” 17.07.2019
- Denis Manturov: with the help of SEZ, IP and ADT we can create a regime of maximum favor 09.07.2019
- The Ministry of Economic Development of the Russian Federation: SEZ “Alabuga” is 100% effective 04.07.2019
- A plant for the production of plant protection products worth 4.5 billion rubles is launched in the SEZ “Alabuga” 26.06.2019
- Alabuga signed a cooperation agreement with NEO Center at SPIEF 07.06.2019
- SEZ “Alabuga” is on the first place in the rating of Expert among greenfield parks of the Russian Federation 06.06.2019
- Rustam Minnikhanov: Tatarstan and Turkey have enough opportunities to develop business ties 16.05.2019
- Tatarstan is media leader of import substitution in April 14.05.2019
- “Alabuga” is the best site for investment among all SEZ and ADT in Russia 26.04.2019
- The semifinal of the "Manage!" cup for the best students of the Volga region took place in “Alabuga” 19.04.2019
- The President of the Russian Federation appreciated “Alabuga’s” contribution to the development of Russian-Turkish relations 08.04.2019
- In general, I am satisfied with the trip. Didn’t believe it until passed myself 22.03.2019
- “Alabuga” together with the Elabuga Institute of KFU will prepare modern personnel for the SEZ residents 22.03.2019
- Timur Shagivaleev Announces Alabuga SEZ's plans for 2019 during TIDA's Final Panel 18.01.2019
- Alabuga SEZ Attracts RUB 13.9 bln in Investments in 2018 28.12.2018
- Business Delegation from Poland Visited Alabuga 26.11.2018
- Alabuga tops the rating of the most investment-attractive special economic zones of Russia 22.11.2018
- Presidential Plenipotentiary Envoy to the Volga Federal District Visits Alabuga 13.11.2018
- BASF Will Consider Alabuga to Localize Its Production in Russia 31.10.2018
- 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
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.
Share