Mars to build 2 plants in Russia's Ulyanovsk region - governor

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Mars to build 2 plants in Russia's Ulyanovsk region - governor - Sputnik International
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U.S. pet food and confectionery manufacturer Mars is interested in building two more plants near Ulyanovsk in Russia's Volga region, the regional governor said on Thursday.

U.S. pet food and confectionery manufacturer Mars is interested in building two more plants near Ulyanovsk in Russia's Volga region, the regional governor said on Thursday.

Sergei Morozov said the company's representatives will arrive in Ulyanovsk next month to discuss construction plans.

The company has already built two a pet food and a confectionery plant in the region's Cherdaklinsky district.

The pet food plant started production in September 2009, while confectionery production has not been yet launched.

"In recent years more than 20 major foreign and Russian companies have invested serious funds in the Ulyanovsk region," the governor said.

He said a total of 92 major investment projects evaluated at 134 billion rubles ($4.4 billion) of private investment are being fulfilled in the region.

These funds are almost equal to the regional economy, which reached 150 billion rubles ($4.9 billion) last year.

Morozov said investors are interested in the outsourcing services provided by local businesses.

The regional government plans to allocate 1 billion rubles ($33 million) this year to support small business, he added.

ULYANOVSK, May 6 (RIA Novosti) 

 

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