Billions worth of investment

Mayak-Technocell continues to invest in development of production.

10/01/2017

Russian-German JV Mayak-Technocell has officially announced construction of the sixth paper-producing machine worth more than 3 billion rubles on its site in Penza. The project was included in the investment plan of the factory a long time ago, however, it took Mayak-Technocell almost two years to find a partner bank, which could present a credit line on reasonable terms.

The Penza holding is investing more than 2 billion rubles in the construction of gas turbine thermal power plant Mayak-Energiya with capacity 22,4 МW. The importance of GTU-TPP is conditioned by the significant electric capacity of JV production. New generating capacity will be lanched in the first half of 2017. The end of the year will be marked by the launch of the sixth paperproducing machine, which will produce 40 thousand tons of paper-base of lining materials, аnd also aditionally — paper-base for interfacing wallpaper.

Determining priorities of the investment policy of the Penza region for 2017, Governor Ivan Belozertsev has singled out 20 biggest asset managers in the region. Mayak-Technocell made it to the list of top investors. 

 

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