The investment project for the construction of a plant of Arkhbum JSC in Ulyanovsk for the production of corrugated board packaging with a capacity of 90 mln m2/year has been assigned the status of a particularly significant investment project in the Ulyanovsk region. The corresponding document was signed in the beginning of September 2020 by Alexander Smekalin, the Chairman of the government of the Ulyanovsk region.
The criteria for assigning the status of a particularly significant investment project to projects include the volume and structure of capital investments, as well as the actual timing of its implementation, the number of new jobs created and the level of workers' wages.
In turn, a company, which has implemented a particularly significant investment project, will be able to apply government support measures in the form of tax incentives. In addition, the investor will be provided with the necessary administrative assistance in the implementation of the project and guaranteed protection of his capital investments.
The Regional Development Corporation supports the investment project. “The plant is planned to be launched next year. After reaching the design capacity, the company plans to expand production and increase production areas,” said Sergey Vasin, the Head of the Ulyanovsk Region Development Corporation.
We will remind, that the agreement on investment in the creation of a new production facility was signed on July 9 in Moscow. The company will rebuild the production areas of the former Elektromash plant in the Zavolzhsky district of Ulyanovsk.
The production capacity will amount to 192 mln m2/year of corrugated board and corrugated board products.
Arkhbum JSC is a subsidiary of Arkhangelsk PPM JSC (the only shareholder is Pulp Mill Holding).
The main business-line is corrugated packaging.