Ulyanovsk Region Starts a New Investment Cycle in Its Economy

Governor Sergey Morozov announced this information on 24 November at a meeting on investment activities in the region.

 

He said, “We are launching a new investment cycle in the regional economy today. Its main task is to normalize business life and to ensure stable investment growth by 2030, which will not be affected by external factors. We have identified the main spheres for this cycle: first of all, we need to create new sectors of economy, implement major investment projects, develop infrastructure for localization of production facilities and improve support measures and state regulation for the investment climate. The new investment cycle can be started only if it becomes part of global production chains and full-scale export-import projects.”

Sergey Vasin, Director General of the Ulyanovsk Region Development Corporation, reported to the Governor on the progress in these areas.

“To achieve our goals, we are improving our competencies in new individual segments, which allows us to work with international high-tech companies, to be on the same page with investors and to stay in the competition. We are working on our practices in the new energy industries: wind, solar, hydrogen ones. We form intersectoral areas of expertise and manufacturing niches - we create an industrial park for innovative composite production facilities as part of the interregional industrial cluster "Composites without Borders". It already has AeroComposit-Ulyanovsk, the only enterprise in Russia that makes load-bearing composite structures for the aircraft industry. There is also a production facility working in the field of power-plant industry - Russia's first plant was opened two years ago to manufacture blades, the main component of wind turbines, with the use of composite materials. This year, our special economic zone attracted OOO "Galen", a domestic manufacturer of composites. Its plant should be commissioned in early 2021. A number of projects will be implemented in the special economic zone: these include an enterprise that will make pultrusion frame for composite details, a plant for production of aircraft units made from polymer composite materials and others,” - said Sergey Vasin.

Education and staff training are an essential component of any production cluster. A project for creation of a Center of Engineering Education for composite technologies and materials in the Ulyanovsk region is currently at the final stage of negotiations. The project is developed with one of the leading Russian companies in the field of composite materials.

The region is also implementing investment projects in traditional sectors of the economy. Despite the difficult economic situation caused by the pandemic, this year a number of investors working in the region announced development and launch of new initiatives. Nemak (Mexico) initiated construction of the second stage of the plant for production of cylinder heads and blocks in Zavolzhye industrial park, and Martur (Turkey) started the second stage of localization in the Ulyanovsk region.

Work is underway to develop export and import activities: a batch of blades for wind turbines was sent for export this year. It was manufactured at Russia's first Vestas Manufacturing Rus plant located in Ulyanovsk. In full compliance with all security measures, the first direct container train came to the region from Chinese special economic zone "Zibo" as part of the One Belt One Road international project. Ulyanovsk manufacturers also started supplying their products to China.

The head of the Ulyanovsk Region Development Corporation also presented to the Governor results of work after eleven months of 2020 and plans for 2021.

He reported, “Currently, we have completed implementation of four investment projects with the total investment of about 1 billion rubles, which also created about 350 new jobs. In total, 15 investors are planning to launch projects worth 11 billion rubles for the remainder of 2020 and in 2021. They will provide 1,500 people with employment. We also expect that next year, eleven investors with provide more than 12 billion rubles to build their production facilities. Implementation of these projects will be completed in 2021-2023.”

 

09.12.20