An unnamed investor from Tatarstan in Russia is reported to be behind plans to establish a plastics enterprise in the Russian occupied Ukrainian territory of Crimea.
A newly formed company, Bakhchysarai Polymer Plant, has been registered in Crimea with plans to manufacture a range of products including plastic pipes and plastic sheeting, according to Alexander Basov, president of Crimea's Chamber of Commerce.
At a recent business meeting held in the Crimean administrative centre of Simferopol, Basov was quoted by Kryminform, the Crimea news agency, as stating that a location for the firm's production plant still had to be decided.
Possible sites had been identified with one in the central Crimea city of Bakhchysarai and an alternative site near the eastern coast of Crimea in the city of Kerch on the Kerch Peninsula, facing mainland Russia.
Kerch would offer a logistics advantage for the plant, minimising transportation costs and access to raw materials, according to the Basov.
Investment of between 10 million euros ($11 million) and 30 million euros ($33 million) is expected to be made in the Crimean facility which will serve the Crimea region.
The plant is set to produce pipes for water and gas supply, geo membrane ground moisture retention sheeting in reservoirs, irrigation systems and polycarbonate sheet for greenhouses, according to Kryminform.