TECHNONICOL invests 14.9 billion rubles in production capacities

The TECHNONICOL Corporation announced its investment program for 2020-2021. The company intends to implement 14.9 billion rubles in the next two years.
"It is a part of the big investment program. The total volume of investments in the commissioning of new capacities and modernization of existing ones in the next two years will amount to 14.9 billion rubles," said the co-owner of TECHNONICOL, Russian industrialist, Sergey Kolesnikov. "7,495 billion will be spent on developing Russian assets. In 2020, two enterprises are planned to be commissioned — in the Far East and one in the North Caucasian Federal District. The funds will also be used to implement environmental projects at existing sites, in particular in Chelyabinsk and Tatarstan. It is planned to allocate 7,405 billion rubles for European business development. A project for the construction of two enterprises in Poland is already being implemented. Their commissioning is scheduled for early 2021".

According to Sergey Kolesnikov, the company is also thinking about buying assets on PIR thermal insulation. In addition, TECHNONICOL will continue to develop object and corporate sales channels in the European Union countries. "All the products that we produce in the CIS, will be manufactured in Europe as well. We are systematically implementing our strategic goal — to become an international leader," summed up Sergey Kolesnikov.

It should be reminded that TECHNONICOLE finished the year of 2019 with positive dynamics. Revenue of the production complex amounted to 103.7 billion rubles, an increase of 10.3% compared to 2018. At the same time, export sales increased by 7%. Therefore, the share of exports in the company's sales reached 31%. The volume of investments sold in 2019 amounted to 3.128 billion rubles.