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Article: Germany's Amica to build 15-mln euro kitchen tile plant in Novgorod region.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- May 23, 2006
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Germany's Amica to build 15-mln euro kitchen tile plant in Novgorod region
VELIKY NOVGOROD. May 23 (Interfax) - Germany's Amica International GmbH, a producer of household appliances, plans to invest 15 million euros in building a kitchen tile plant in Novgorod region, the regional administration's press service told Interfax.
Regional Governor Mikhail Prusak signed a protocol of intent with Amica representatives on Tuesday that envisions long-term mutual cooperation, the press service said.
The plant will be set up at Hansa Russia, a 100% subsidiary of Amica, which Amica plans to establish by June 2006.
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