Events A joint Russian-Turkey furniture plant will be launched in KBR
A joint Russian-Turkey furniture plant will be launched in KBR
Events
Tuesday, 17 November 2009 16:47
Another new furniture plant on the production of high quality metal office furniture will be opened in Kabardino-Balkaria. A large-scale investment project of 400 mln. roubles is carried out by Kabardino-Balkaria firm "Yug-Metall" and Turkey's Dzhekha. "Office company - "Dzhekha".

The company will produce glass production of 648 mln. roubles yearly. Annual tax assignment is planed to be 90 mln. roubles.

The partner of the project is "Dzhekha" company. It is one of the leading producers and suppliers of office furniture to Europe. It also exports production to the Russian market through dealers. The opening of the plant will contribute to saturating the Russian market with the furniture of the European quality through direct supplies at a lower price.

Starting-up and adjustment works are being carried out now. Under plans, the new plant, when operating at full capacity, is to employ 600 workers. 8 people were sent to be trained in Turkey in October. 22 people are planned to be sent in November. 

Authorized capital stock of the company is 132,4 mln. roubles. 

 Office company - "Dzhekha and "Yug-Metall" are equal founders. Their shares are 66,2 mln. roubles.

 

Arsen Kanokov

Internet - reception


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