00:0028 августа 199800:00
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00:0028 августа 1998
American company OOO Kres Neva is to begin construction of a raw tobacco factory next week, in the Lomonosov Region of the Leningrad Oblast. The factory is to cost $15m and employ around 80 people.
<BR>American company OOO Kres Neva is to begin construction of a raw tobacco factory next week, in the Lomonosov Region of the Leningrad Oblast. The factory is to cost $15m and employ around 80 people.<BR>The factory will begin the primary processing of leaf tobacco in summer of 1999. It will be located on 5 hectares on Volkhovsky Shosse, opposite the Philip Morris Izora factory. An investment activity agreement for the project is to be signed with the Leningrad Oblast government around 1 September.<BR>The decision to build a factory in Russia was taken in April of 1998. The oblast authorities offered Kres Neva about 20 possible locations for the factory, and the company chose the site in the Lomonosov Region. Kres Neva's general director said, "In making our choice several factors were important: an industrially developed zone, a factory building more than 500m from residential buildings, and proximity to St Petersburg."<BR>The general director said that despite the many financial and economic problems in Russia, the decision to build is final. The company has now signed an agreement to buy an unfinished building from a branch of Kirovsky Zavod in the Lomonosov Region, and last week held a tender for contractual work. The winner was local construction company Edvans-S, while Harris Group Inrternational will engineer the project. <BR>At the same time, another company has been created OOO Kres Trading is to be involved in purchasing raw tobacco abroad, transporting it to the oblast factory for processing, and then supplying processed material to the Russian regions for cigarette manufacture.
