an Agreement of intent has been signed by the government of the samara region and senwood llc
On September 4th, 2017, Governor of the Samara region Merkushkin Nikolay Ivanovich and Director of SENWOOD LLC Nikipelov Oleg Nikolayevich signed an agreement of the company’s intent to implement an investment project on the territory of Industrial park “Chapaevsk” in urban district Chapaevsk of the Samara region.
The Agreement stipulates a construction of an industrial complex on production of goods from wood plastic composite (WPC). Estimated cost of the Investment project (anticipated volume of investor’s investments) is 1 326 000 000 rubles. At least 126 work places will have been created by the end of Investment project implementation and putting the Investment object into operation. Estimated project implementation period is years 2017-2020.