Technonicol to invest over 7 bln rubles in two new plants in Rostov Region in 2025

ROSTOV-ON-DON. July 17 (Interfax) - Russian building materials manufacturer Technonicol plans to invest over 7 billion rubles this year in the construction of plants to produce rock wool and extruded polystyrene (XPS) in the Krasny Sulin industrial park in Rostov Region, the company's mineral insulation division reported.

"Construction work has begun at Technonicol's new production site in Rostov Region. Two company plants will appear at once in the Krasny Sulin industrial park, to produce thermal insulation from rock wool and XPS. A foundation pit has already been dug here and pile driving equipment has been prepared. Investment in the construction of the two plants will total 7.3 billion rubles in 2025 alone," the press release said.

The company expects to build the production shops and start installing lines by the end of the year and complete construction in July 2026. The general contractor for the rock wool plant is Russia's Art Holding, which specializes in designing and building large-scale industrial and civil facilities. A tender is now being held to select the contractor for the second project.

"The new production facilities will be located on a plot of 46 hectares, 25 of which will be occupied by the rock wool plant and 21 hectares [by] the XPS [plant]. Shops, as well as infrastructure will be built here by the end of the year. Next year there are plans to build a power plant with capacity of 20 MW that will be able to fully cover the needs of both plants. Outside storage will also be arranged for finished product and raw materials," the press release said.

The combined area of the industrial buildings will total about 29,000 square meters, including 20,000 square meters for the rock wool plant and almost 9,000 square meters for the XPS plant.

The new plants, which are expected to create 198 jobs, will manufacture rock wool and XPS thermal insulation for residential, public and industrial buildings, industrial insulation and materials for fireproofing structures.

"After the launch of the plants in 2026, Technonicol will have four operating plants on the Don, two of which for production of rock wool," company CEO Vladimir Markov said in the press release.

It was reported earlier that Technonicol planned to invest over 5 billion rubles in the construction of the rock wool plant in the Krasny Sulin industrial park in 2025. Construction was expected to be completed in the second quarter of 2026, with the process start-up of the first line scheduled for the end of 2026. The amount of planned investment in 2026 was not specified.

The company already has two plants in Rostov Region that make rock wool and thermal substrates. The rock wool plant manufactures 1.7 million cubic meters of product annually for residential, industrial, public and office buildings, as well as industrial insulation. It ships its products to customers in the Volga, Northwest, North Caucasus, Central and Southern federal districts of Russia.

The substrates plant makes 160,000 cubic meters of vegetation mats, plugs for seedlings and seed starter cubes used in greenhouses specializing in low-volume hydroponics. It sells its products in the Volga and Southern federal districts, and exports to Azerbaijan, Armenia, Georgia, Iran and China.

It was reported earlier that Technonicol planned to increase capital expenditures to about 35 billion rubles in 2025 from 32 billion rubles in 2024.

Technonicol, which was founded in 1992, is a major manufacturer of roofing, waterproofing and thermal insulation materials.