The 50th resident with a unique project worth 19.5 billion rubles entered TASED “Togliatti”
On August 9, 2019, the Government of the Samara Region signed an Agreement with VolgaFert on the implementation of activities in the territory of the advanced social and economic development (TASED) of Togliatti.
The document was signed by the Minister of Economic Development and Investment of the Samara Region Dmitry Bogdanov and Director of VolgaFert LLC Viktor Kudryavtsev.
The development of export-oriented business projects is one of the key activities of the regional ministry of economic development and investment. This task was set by the Governor of the Samara region Dmitry Igorevich Azarov. Comprehensive support for such companies is included in the national federal project “International Cooperation and Export”.
The Russian-Italian joint venture VolgaFert, with a project worth a record amount of 19.5 billion rubles, became the 50th resident of TASED. The company plans to build a granular urea plant with a capacity of 1,500 tons per day at the site of KuibyshevAzot PJSC in order to obtain a product with a higher added value. As director of VolgaFert LLC Viktor Kudryavtsev noted, granular carbide is one of the most popular fertilizers used as mineral fertilizers of the nitrogen group for all types of crops, as well as used in industry for the production of adhesives, resins, and plastics. “The construction of the installation will be carried out according to advanced Dutch technologies. We plan to start production in 2021, the market for the urea produced will be Russia and abroad - mainly Latin American countries, ”Viktor Kudryavtsev explained.
As part of the project, more than 50 permanent jobs and about 1,000 temporary jobs will be created in Togliatti for the period of construction of the facility.
- We are pleased that such a large-scale project with the participation of foreign capital has replenished the treasury of residents of the territory of the advanced social and economic development of Togliatti. The benefits and investment climate that were created today in Togliatti turned out to be a decisive factor in choosing an investor site for a new project. These conditions will allow you to quickly implement and recoup the project. We expect VolgaFert to create significant added value in the region, new jobs and serious additional tax revenues. It is important for us to see that foreign partners are increasingly implementing investment projects in the Samara Region”, said Dmitry Bogdanov.
Taking VolgaFert into account, the number of Togliatti TASED residents included in the federal register created in the territories of single-industry municipal entities of the Russian Federation increased to 50. In total, residents of the territory of priority social and economic development are ready to invest more than 38 in the city and region’s economy billion rubles and create 7070 new jobs.