Specta continues investing in manufacturing

An investment agreement between the Kostroma Region and a group of companies Specta was signed on August 10 in Kostroma city. Under the agreement, Specta invests more than 231 million rubles in development, and the Region administration establishes the most favorable treatment regime for the investor.

A new line for the PET strap production, which is launched in the company, will allow an increase of the production volumes by three thousand tons per year, additional warehouses are being built for complementary products.  Twenty new workplaces will be created.

Besides, that is another plus point to the environmental situation in the country, as these lines manufacture packaging strap from the recyclable materials – recycled plastic bottles.

 The signing of the agreement was attended by the administration of the region, headed by the Governor S.K. Sitnikov, representatives of Specta Group headed by the President of the company Erik Helin, top managers of the leading companies of the Kostroma Region, as well as a large delegation of businessmen from Finland headed by Mikko Hautala the Ambassador Extraordinary and Plenipotentiary of this country.

The production of Specta company has become an example of a successful cooperation between Finland and Russia since long ago. As part of the Finnish delegation, there were several businessmen planning to set up their own business at the territory of the region. Tour of the manufacturing plant, familiarizing with the packaging and marking materials production, working conditions in the region convinced them in the correctness of their intentions.

 Mikko Hautala, Finnish Ambassador to Russia:

“For any foreign investor, it is important how the regional authority treats these investments, how they can support them. Indeed, it is highly helpful that the regional authorities understand all the needs, challenges and problems of a potential investor.”

Erik Helin, president of the group of companies Specta:

“We have been working successfully with Kostroma authorities for 12 years and they always rendered assistance. That was one of the reasons why we decided to expand the production.  I wish hundreds more of such companies as ours would come here to the Kostroma Region. And I hope that VolgaStrap is a good example.

The video: Specta continues investing in manufacturing

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