Four new small plastics processing companies have been launched at a recently opened industrial zone east of Kazan, capital of the Russian semi-autonomous republic of Tatarstan.
Tyulyachi Business Park is a private development focused particularly on small and medium sized polymer-based enterprises. Investment to establish the park, which opened in 2012, totalled 12.2 million euros ($15.5 million), of which 2.68 million euros ($3.4 million) came from the federal Russian budget and 1.65 million euros ($2 million) was provided by Tatarstan.
The latest park plants to launch were officially opened in mid October by Tatarstan's president Rustam Minnikhanov.
Fimako molds plastic household and industrial products and expects to create 35 jobs at the plant. It invested around 5.8 million euros ($7.3 million) in the project, according to an official Tatarstan announcement.
Another processor to open is Sistema Grupp, a producer of domestic and industrial goods in composite materials. It also invested more than 5 million euros ($6.3 million) and will employ 35 workers.
Polyethylene pipe extruder Tyulyachi Pipe Plant Policom sunk almost 2 million euros ($2.5 million) in its facility which has a 13,000 metric tons of annual capacity and is set to employ 26.
The fourth Tyulyachi Park start up is Interpak, which invested around 230,000 euros ($292,200) in its plant to manufacture stretch films for industrial and domestic use. It aims to hire 10 employees.
Tyulyachi Park has so far concluded agreements with 16 companies to occupy plants including several already operating units. These include a tire recycling firm Kryazh; Tyulyachi Steel Profiles, a maker of profiled sheet and metal shingles; and another plastic pipe producer.
The zone's management has built two modular buildings occupying and area of 3,255 square meters (35,000 square feet) for small resident businesses. The park is due to reach its full capacity by 2018 accommodating 30 to 35 high tech companies creating up to 600 jobs. Combined sales should reach between 28.7 million euros ($36.4 million) to 38.4 million euros ($48.7 million) by then.