Chinese companies to implement investment projects in Volzhsky

| By | Investments, Medical Devices Manufacturing
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Chinese company «Henan» (East) is establishing the enterprise for the production of medical and hygiene products in Volzhsky (Volgograd region).

At present, the first stage of the project is underway: equipment for the new production has been purchased, and the preparation of the premises has begun.

“An important part of the region’s industrial policy is attracting investors, including foreign ones,” said Roman Bekov, the Deputy Governor and the Chair of the Volgograd region’s Industry and Trade Committee. “So, now, two Chinese companies are implementing investment projects aimed at production of medical products in the region.”

According to information provided by the region’s Industry and Trade Committee, the total cost of the investment project is about 20 million dollars. It is planned that the project will be implemented in three phases in the period from 2018 to 2022. The new capacities will produce socially significant  medical products, as well as absorbent underwear for children and adults.

Also in Volzhsky, the Chinese company “Development” continues its investment project to start vacuum container production for venous blood sampling. New plant is scheduled to open before the end of 2018.