The expert council on the strategy for socio-economic development of the Voronezh region, chaired by the governor Aleksander Gusev, granted the status of a "particularly significant investment project" to the Voronezh industrial site of Arkhbum JSC.
The company with this status will be exempted from property tax for five years and will receive a benefit in respect of income tax deducted to the regional budget.
According to the press office of the regional government, the company plans to launch four more processing lines in 2019-2020 and reaches full capacity of 188 mln m2 of cardboard in 2020–2021.
As a result, the total cost of the investment project will exceed 4 billion rubles. The payback period is 7 years.