In a latest move in the European plastic industry the Megapolis, a Russia based Investment Group has initiated the construction of a 70,000 tpa biaxially oriented polypropylene films plant in the country’s Rostov region. The move is being overwhelmingly welcomed by industry experts and professionals as it would help meet the growing demand of biaxially oriented polypropylene in the region.
According to the company we are excited and contended that our dream is being materialized and that we are expanding our footprints in various other parts of the region. The move is being welcomed not only because it will meet the growing demand of these specialized plastics in the region but will also create job opportunities for people and professionals dwelling in the specified region.
The event started when in early December (2012), senior Russian federal and regional government officials joined top management of Rostov-on-Don-based Megapolis Group at a ceremony at the project site in Shakhty. According to reports from various sources the manufacturing facility Megapolis subsidiary business Waterfall PRO is going to initiate will operate two production lines for 3 – 5 layer BOPP packaging film at the plant for applications including labelling, food and non-food packaging.
The move will definitely make Russia equipped in self-sufficient in meeting the demand of technologies that the country is looking and aspiring for. In an another important move to meet the growing demand of various plastic and petrochemical products Megapolis group signed a contract with Russian petrochemicals giant Sibur Holding for the future supply of raw material PP granulate for the Shakhty facility.
According to the news from various sources the facility of Rostov which has the capacity to generate jobs for more than 250 professionals was conceived and took shape when Waterfall PRO signed a formal memorandum of cooperation with the Rostov administration at the Sochi 2012 international economic forum in southern Russia last September.
It is important to underline here that the development and construction of well-equipped Shakhty unit is being perceived a part of the strategy of Russian Government to make its economy that is conducive for developing the national chemical and petrochemical industry in the period up to 2015.
Various reports from sources have suggested that Megapolis group is intended to invest more than €98m in the Rostov BOPP project, which is a hefty amount of sum that the company has ever pumped. While briefing about the project and their move to media professionals and industry experts the group is also keen to invest in fuel and energy, textiles, property development and leisure sectors.