- The main thing is not to be afraid to talk to people – Alabuga Polytech hosts all-Russian school students’ entrepreneurship challenge 15.04.2024
- “Our team is operating at full capacity”: The Role of Alabuga Polytech College's student in the largest Russian-Chinese project 09.04.2024
- SEZ Alabuga’s CEO commented on the drone strike 02.04.2024
- We are shaping the future with young minds: A student from Alabuga Polytech is creating power output diagrams for Russia's largest logistics complex 19.03.2024
- The next generation of experts is emerging. Here is our report from the Business Process Automation Challenge at Alabuga Polytech 18.03.2024
- The Year of Academic and Technological Growth in Tatarstan – Alabuga Polytech gathers young programmers from all over Russia 14.03.2024
- «Ultimate experience for schoolkids»: Alabuga SEZ hosts the first «Alabuga STEM» International Scientific and Practical Conference 14.03.2024
- Alabuga SEZ at World Youth Festival 13.03.2024
- Alabuga will always act in the interests of our country 23.02.2024
- Great example and high-demand fields of study - Vladimir Putin about Alabuga Polytech 22.02.2024
- The success secrets – Mari El’s leadership learns from the experience of the best SEZ in Russia 14.02.2024
- Alabuga Polytech students become prizewinners at Alabuga Skills professional skills competition 12.02.2024
- We Need To Give An Opportunity For Young Guys To Work – Rais of Tatarstan Backs SEZ Alabuga's Pilot Project to Employ Young People 12.02.2024
- We cannot imagine how Alabuga will grow without Alabuga Polytech 12.02.2024
- It is more than just a construction project: the building works progress at the site of the largest logistics terminal in Russia 09.02.2024
- For those who like to play long-term – Rustam Minnikhanov takes part in the opening ceremony of a new plant at Alabuga SEZ 31.01.2024
- Well done, Alabuga! Much work has been done! – Rustam Minnikhanov about Yuzhniy Park residential complex. 31.01.2024
- We would like to learn from the best – Primorskiy region government’s deputy chairman about his visit to Alabuga SEZ 29.01.2024
- Alabuga Polytech is a place where they create new things and never stop growing and developing – Ramil Mullin, the Mayor of Nizhnekamsk, about Alabuga Polytech 18.01.2024
- Kastamonu plant, the resident of Alabuga SEZ, increases sales of laminate and fiberboards in 2023 16.01.2024
- August-Alabuga produces the record volume of crop protection agents 11.01.2024
- The power within the people – Minnikhanov awards the CEO of SEZ Alabuga for innovative practices in the development of personnel potential 27.12.2023
- The contest at Alabuga Polytech to select the best and most talented chemists 25.12.2023
- I am delighted! I would like to see such educational centers in Turkey – Turkish Consul General in Kazan about Alabuga Polytech 21.12.2023
- Alabuga is recognized as Tatarstan’s best investor of the year for the development of Ethylene 600 industrial park 20.12.2023
- Alabuga is recognized as the best special economic zone in Russia 18.12.2023
- You are doing a great job! - Deputy Director of KRDV Primorye Maria Zheldak about Alabuga Polytech 16.12.2023
- The first pile is hammered to start the construction of university campus in Velikiy Novgorod 15.12.2023
- Alabuga has won the All-Russian challenge for the best employment practices 13.12.2023
- SEZ Novgorodskaya starts production of SberSmart TVs 12.12.2023
German KNAUF purchases Armstrong plant located in SEZ “Alabuga”
21.12.2017
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