A number of investment projects to be implemented in the Ulyanovsk region in collaboration with Chinese partners

On June 14, the Governor Sergey Morozov met the Chairman of the Board of Conch Cement Company Mr. Gao Dengbang. The event took place within the working visit to the People's Republic of China. The parties discussed cooperation in the sphere of robotic technology, equipment for production of construction mixes, as well as interaction in the field of innovative technologies and scientific research and developments.

 During the meeting, the head of the region visited a research center and the head office of Conch Group. Sergey Morozov noted the importance of cooperation between the Ulyanovsk region and Chinese partners in the sphere of high technology production.

“Recently we have adjusted the strategy that found reflection in implementation of unique projects connected with "smart technologies", mechanical engineering, and improvement of labour productivity. Having it in mind, we are working on both international and regional activities now. For us it is extremely important to create high-technology enterprises that will be able to manufacture high-quality competitive products. Our visit to the Anhui Province and negotiations with Conch Cement Company address these very issues”, - the Governor emphasized.

He also noted that the cooperation with the company will be built in several directions: support and development of robotic technology within digital economy, implementation of joint projects in the sphere of construction industry. "The company builds unique plants for construction, mining,  engineering industries. In the Ulyanovsk region there are all opportunities for the company to create a similar facility on one of industrial sites ", - Sergey Morozov announced.

According to the head of the regional Development Corporation Sergey Vasin, currently Conch has started implementation of its project in the Ulyanovsk region. It involves building of a plant for production of construction materials. "By now, development work has been started, a legal entity has been created and the first personnel has been recruited, which coordinate all activities connected with the project. Next year in spring, the company is planning to start the construction", - the head of the Development Corporation said.

“We chose the Ulyanovsk region because it is in the center of Russia. This is very convenient for us as far as the market and logistics are concerned. In addition, there is highly developed industry in the region, particularly mechanical engineering. And here we received full support from the Governor. That is why we will bring advanced technology for production of building materials to your region, we will create many new workplaces for the inhabitants and we will pay taxes”, – said Gao Dengbang, the Chairman of the Board of Conch Cement Company.

The investment agreement on placement of production in the territory of the Ulyanovsk region was signed in July (2016) in the presence of the Presidential Plenipotentiary Envoy to the Volga Federal District Mikhail Babich. The event took place at the meeting of Council for Cooperation between the Volga Federal District and the Upper and Middle Reaches of Yangtze River. The overall investment is expected to be between $300 and $500 million, and the new facility will allow to create about 400 new workplaces.

As a reference:

The Anhui Conch Cement Company (China) is a government-owned company, one of world leaders on cement production. The cement is of high quality and is compliant with standards of the American ASTM and European EN-197. It is exported to more than 40 countries of the world. Shares of the company were listed in the Hong Kong and Shanghai Stock Exchange. At the end of 2013, the corporation had more than 140 subsidiaries. Assets of CONCH total 16 billion US dollars, and 50 thousand people work for the company.