Germany's Wilo setting up production of pump equipment in Moscow Region
MOSCOW. Oct 16 (Interfax) - Germany's Wilo plans to set up production of pump equipment in Moscow Region.
Russian Industry and Trade Minister Denis Manturov, Moscow Region Governor Andrei Vorobyov and the head of Wilo Rus, Jens Osmo Dallendoerfer signed an investment contract on Friday that calls for manufacturing Wilo pump equipment in the Noginsk district.
Investment in this project will exceed 750 million rubles, materials for the event state. The company will set up production of several types of high quality pump equipment that will consist more than 85% of Russian components.
Moscow Region will grant the investor profit tax breaks under this contract.