German entity ready to invest in Tyumen Region

Dynaenergetics, a German company, has launched a factory manufacturing shaped explosive charges for the oil and gas industry. Finished products are going to be supplied to both Russian customers and abroad to CIS, European and Asian countries

German entity ready to invest in Tyumen Region

Dynaenergetics, a German company, has launched a factory manufacturing shaped explosive charges for the oil and gas industry. Finished products are going to be supplied to both Russian customers and abroad to CIS, European and Asian countries.

According to Kevin Lounge, the CEO of DMC, the Russian market is very important for the company. "We considered different geographical options for the plant, but comfortable conditions created in the region, its geographical location and HR resources are among key competitive edges of the Tyumen Region. We didn't regret as the construction process appeared to be the easiest on the globe," he said.

Governor Vladimir Yakushev noted the significance of the implemented investment project for the Nizhnaya Tavda District and the entire Region. "It is extremely important that industry is also given momentum in the agricultural region. A hi-tech facility has been created using foreign investments and new jobs have been created for highly skilled specialists," the Governor of the Region emphasized.

Investments into the project totaled RUB 600 million. This is not the last project undertaken by the investor as the company is considering options for constructing the third stage of the factory to manufacture detonating fuses.