Chinese investment company “Liaoning Wang Yu he” intends to move to Russia, two of its plant for the production of mineral fertilizers and polyethylene. The cost of the projects will be about 88 billion yuan, equivalent to the amount of 13 billion dollars.
As told the chief engineer of the company Jiwan Tang on the Eastern oil and gas forum in Vladivostok, at the moment, investors choose the site, analyze the market, the sales Outlook and the peculiarities of Russian legislation.
“The Chinese market is oversaturated with this product, so we decided to move two plants in Russia… the possibility of partnerships. We intend to modernize production and increase production volumes”, – he said.Related posts: