MOSCOW TIME: 26.04.2024 18:21:21
Nor-Maali Oy (Finland), a manufacturer of paints and varnishes, will build a factory in Russia. Investments are made to satisfy increasingly growing demand.
Finnish paints to grow in quantity. A facility to be opened in the Pskov Region
Nor-Maali Oy (Finland), a manufacturer of paints and varnishes, will build a factory in Russia. Investments are made to satisfy increasingly growing demand. The factory will be launched in Moglino special economic zone, the Pskov Region. The company will invest EUR 4 million in the construction project. The work will start in spring 2016 and continue a bit above a year. The investment project is being implemented by LLC Nor-Maali, a Russian subsidiary.
The company intends to produce paints using local raw materials in Russia. Currently, it produces paints at its Finnish and Slovakian facilities. The sales of paints and varnishes produced by the company exceeded EUR 20 million last year. The company's personnel in Finland, Estonia and Slovakia is 60 persons.
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