A new production facility will be built in the Master industrial park near Dimitrovgrad in the Ulyanovsk Region, with part of manufactured products to fully substitute imports from China.
These will include cattle tags and automotive components.
The ceremony to sign the official agreement on launching the investment project was attended by Ulyanovsk Region Governor Sergei Morozov. In accordance with the document, some RUR 20 mio ($270.4K) will be invested in the project during its first stage, and the same amount is planned for the project’s second stage.