Chinese investors will build building materials factories in Obashkortostan

 

Moscow (Sputnik)-The Chinese famous Building Material Company, the Russian Government of Bashkortostan and the Kumeltao Municipal Government had signed a tripartite memorandum on the construction of a fiberboard factory in Kumeltao, reported on the Russian Bashinform information website

 

The total investment of this project is 2 billion rubles (about 30 million US dollars) which invested by Jiangxi Yuanyang Weili Industrial Co., Ltd. It is expected that the company will build 300 jobs.

 

Tazhitdinov, interim Vice Premier of Bashkortostan, Russia, said: "This product has been supplied from China to our republic, which proves its demand. The production of such cement slabs locally has practical significance for Bashkortostan. "

 

The company plans to build in the Advanced Development Zone (ADZ) established in Kumeltao in 2016.