Denmark’s Rockwool group, a world leader in insulation products, plans to invest about $50 million in a mineral wool board plant in Troitsk, a city in the Chelyabinsk Region in the Urals. The upgrade project will include expanding production facilities and introducing innovative technology, the regional governor’s press office told RIA Novosti.
“On June 9, Governor Mikhail Yurevich will meet with the management of Rockwool International to discuss investment plans to boost energy efficiency and energy saving at local companies. In particular, they will focus on a planned investment agreement between Rockwool and the Troitsk mineral wool board plant,” according to the press release.
The Danish company plans to invest up to $50 million in the plant upgrade project. “The bulk of the financing will be used to expand production and introduce innovative energy saving technology,” the statement adds.
The meeting will be attended by Rockwool President Eelco van Heel, Theo Kooij, managing director of East Division, Rockwool CIS director Nick Vince and technical director Marina Potoker, as well as Valery Panov, president of the Chelyabinsk regional union of employers (Promass), and Fyodor Sakharov, general director of the Troitsk plant.
Rockwool Group is the world’s leading supplier of products and systems based on stone wool, operating through a network of branches in 35 countries. Its Russian operations are located in the town of Zheleznodorozhny east of Moscow and in Vyborg in the Leningrad Region. Another insulation materials plant is being built in the Alabuga special economic zone in Tatarstan.
Rockwool’s long-term strategy in Russia is to supply the major centers of activity west of the Urals from local production facilities.
CHELYABINSK, June 9 (RIA Novosti)
