Russian-Italian joint venture
Agreement on the establishment of the area of the Ulyanovsk region Staromaynsky Russian-Italian joint venture to assemble pellet boilers were made at a meeting of the regional governor Sergei Morozov and business delegation from Italy. Document was signed by the Director of International Sales "UNICAL AGSpA." Marco Adorno and general director of "Forest Field", included in the holding "Staromaynsky Forestry", Michael Boyarkin. Investment in the project, according to preliminary data, the amount of 1.5 million euros. The plant will create more than 80 new jobs with an average salary of about 30 thousand rubles. The volume of production of 40 thousand tons of finished products per year. According to Michael Boyarkina, the agreement means that in the Volga region will be a comprehensive high-tech manufacturing to produce wood pellets and assembly of heating equipment, equipped with modern appliances sama. The first batch of production is scheduled for release in May-June 2012.