The world-known diversified company 3M has commissioned the factory on the territory of the Special Economic Zone «Alabuga»

The world-known diversified company 3M has commissioned the factory on the territory of the Special Economic Zone “Alabuga”. The first production line of the company in the special economic zone “Alabuga” launched the President of Tatarstan Rustam Minnikhanov and CEO “3M Russia” Robert Nichols.

The first line of the factory in “Alabuga” will annually produce up to 2.5 million liters of anti-corrosion coatings (epoxy and polyurethane) for pipelines. The main consumer of these products will be the “Gazprom”. The sum of investment in the factory amounts to 922 million rubles.

In the future the plant in “Alabuga” will be filled with other production lines — 3M produces 55 thousand kinds of products in 27 industries from energy and electronics to home goods, security and graphics around the world. The specific content of the enterprise, according to CEO “3M Russia” Robert Nichols, will depend on market demand and economic feasibility. With regard to the volume of investments, for comparison, the total amount of investments in the now-completed production of the first factory of 3M in Russia — Volokolamsk — amounted to $ 43 million in a half times less space than factory in “Alabuga”.

Rustam Minnikhanov thanked the investor for choosing “Alabuga” as a platform for construction of the plant. “3M Company is a leading global company. And we are honored that the company has chosen SEZ ‘Alabuga’ for the project.

‘Today we are talking about import substitution, and the new product is very necessary and in demand’, — the president of Tatarstan said.

‘In the future we will work on localization, expansion of product range, — the general director of’ 3M Russia” Robert Nichols said, speaking at the opening ceremony. — Russia is an important market-oriented in the future. And we want to grow with it“.

Nichols stated that “Alabuga” was chosen as a placement both because of the presence of customers, and because of the support of the government of Tatarstan.

While talking to the media, Rustam Minnikhanov said that the territory of the special economic zone “Alabuga” are successfully functioning 45 residents, a number of projects is still in development. Western sanctions create some difficulties, admitted Rustam Minnikhanov, but many American and Turkish companies have retained interest in the Russian market.

“Business understands that today we have to go to Russia not with a finished product, we have to make it here. This will be cheaper and more convenient. We, in turn, create a favorable climate, favorable tax treatment, preparing professionals — all this is the basis for our Western partners opened here its production ”, — the president of Tatarstan said.

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