An expert council reviewing applications of potential Kaluga special economic zone residents held a meeting on March 11, 2020.
An application submitted by Ultra Dekor Rus OOO was assessed and approved at the meeting. The new modern facility is to manufacture paper base for decorative paper products. The company plans to invest over RUR4.2 billion in the plant construction.
The production facility having an annual capacity of 40,000 t of products will be built at Kaluga SEZ Lyudinovo site.
Ultra Dekor Rus OOO plant will supply paper base to Kronospan Kaluga OOO facility. The product will be used to manufacture laminated medium and high density fiberboard. Ultra Dekor Rus OOO strives to play a major role in substituting imported decorative paper I the Russian market. Currently Kronospan has to import about 30-40% of paper from abroad.
Sixty five new jobs are to be created. The new plant is to be commissioned in Q1 2022.