Rockwool delegation at the House of Tatarstan Government

Tatarstan President Rustam Minnikhanov met with the Rockwool International Group #President Jens Birgersson. The meeting was held at the House of Tatarstan Government, was also attended by members of the Cabinet of Ministers of the Republic of Tatarstan, Rockwool Russia CEO Marina Potoker, Rockwool Russia Sales Director Maxim Tarasov, "Rockwool Volga" factory Director Maksim Vasilyev and others.

Investor in 2012 launched a plant in the SEZ "Alabuga", where was installed in the world's most powerful production line of stone wool, designed to manufacture 110 thousand tons per year. The investment in the construction of the plant amounted to 150 million dollars and was a record for Rockwool.

Opening the meeting, Tatarstan President noted the project the company ran in Tatarstan was innovative and successful, and fit in quite well with the local energy saving strategy. In general, stressed Rustam Minnikhanov, cooperation between Tatarstan and Danish businesses was quite productive, a testimony to which were the joint projects with Rockwool, Danfoss and other firms.

“We consider the project a success, and we always cite it as example for other investors,” Rustam Minnikhanov said about the plant in SEZ Alabuga. Within the project, the company had exceeded the initially declared investment, he added. Tatarstan authorities were willing to assist Rockwool in developing their business in Tatarstan, he pledged.

Jens Birgersson thanked Tatarstan President for supporting the project and for the favorable terms. The plant in Tatarstan was, he said, one of Rockwool International’s largest and most advanced facilities, and the company was interested in its development.

Russia remained one of the key markets for Rockwool despite certain difficulties caused by political factors, company CEO went on to stress.

“The difficulties are not caused by us but by your politicians. Russia has not changed its attitude to investors. We take no notice of your politicians, and we continue to treat our contacts as responsibly,” Rustam Minnikhanov responded.

“We look forward to our volumes in Russia to begin to grow again. We have no intention to leave the market. As soon as we see growth again, we will carry on with our expansion strategy,” Jens Birgersson said.

It is expected that the presentation of products and solutions Rockwool will be held in the framework of "Tatneftekhiminvest-holding" meeting.

For reference.

Rockwool International is the global leader in manufacturing non-combustible insulation material based on stone wool. The company’s staff includes more than 11,000 specialists working in 35 countries. The head office is in Hedehusene, Denmark. 

According to the materials of IA "Tatar-inform"