First stone laid in foundation of another plant at SEZ Alabuga

8 December 2017, Friday

Today, the Alabuga Special Economic Zone saw a ceremony of laying the foundation stone of the mineral fertiliser production plant, with the participation of Tatarstan President Rustam Minnikhanov. The event was also attended by Deputy Prime Minister and Minister of Industry and Trade of Tatarstan Albert Karimov.

The mineral fertiliser production project was granted the resident status in the SEZ Alabuga as late as in September 2017. It is expected that the production will be launched by the end of 2018. The designed production capacity is 120,000 MT of products per year. Inco-TEK Agro Alabuga will produce compound fertilisers.

“This will be a fundamentally new product. We plan to produce compound granulated fertilisers, designed for both individual crops and specific fields by taking proper account of their peculiarities”, explained company’s head Aleksandr Babynin.

The facility is being built up at the junction of the oil-producing and agrarian industries; many of the oil industry's practices are successfully introduced during the project implementation process. As the result, the company expects to both increase the crop yield and give the agrarian industry an impetus to move to a present-day level of environmental safety.

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