China's Jiangxi Ocean Willing Industrial Co. will invest 400 million yuan in the production of fiber cement boards in the Alga special economic zone in Bashkiria. The agreements were reached at a meeting between the company's founder Huang Shi Hua and Bashkiria's Prime Minister Andrei Nazarov in the city of Nanchang.
Huang Shi Hua said that the investment in the plant in Bashkiria could pay off in four years, and the profit of the enterprise after reaching its full capacity could be up to 2 billion yuan a year.
In May 2024 it is planned to start construction of the plant near the city of Ufa, the plant area is expected to be 200 thousand square meters.
Prime Minister Andrei Nazarov noted that Bashkiria will provide comprehensive support to the foreign investor, including preferential measures. Bashkiria will provide comprehensive support to the foreign investor, including preferential measures.
Jiangxi Ocean Willing Industrial Co., Ltd. was founded in 2001. The company produces building finishing materials, develops mineral raw materials processing, implements architectural design projects, etc. The company's products are in demand in Europe, the Middle East, Southeast Asia, etc.