Talya Minullina signed an agreement valued at sum of 10 million dollars.

Tatarstan Investment Development Agency Chief Executive  Taliya Minullina and Mr. T.G.Kwon, the President of Apollo Co., Ltd (South Korea) signed an agreement on implementation of a new production in the republic territory.

Manufacturing will start with assembling of  isolation valves for petrochemical complex will be adjusted here. However, in the course of time original parts necessary for creation of a full-cycle production will be self-manufactured at Korean enterprise.

This agreement – is a final part of joint work, conducted by Tatarstan Investment Development Agency and Korean company during half year. Its signing became real after working trip  of Taliya Minullina to South Korea. These days Tatarstan received a reciprocal visit, in the framework of which agreement was signed.

Plant design has already been developed in its initial version.  Production location is being selected now. Total volume of investment will amounted in 10 mln dollars.  It is worth mentioning that,  Apollo Co., Ltd  is the biggest producer of  full-line of isolation valves and  driving gears for petroleum refining and petrochemical plants,  electricity generating plants and other fields of industry. Company products are manufactured and supplied to North America, Western Europe and Middle East. The enterprise cooperates with large companies from all over the world. Samsung is among main partners. Korean investors see Tatarstan as a perspective partner with more than dozens of world brands` products manufactured on its territory.