PCC may invest 120 mln euros in Rostov chemicals plant
ROSTOV-ON-THE-DON. March 12 (Interfax) - International group PCC SE, which is headquartered in Germany, plans to invest 120 million euros in the construction of a plant to produce components for household chemicals in Rostov region, the regional investment agency said in a press release.
The plant will produce polyols (a component for the production of various construction materials and a wide range of household goods) and will include a storage facility for propylene oxide, a raw material used to make polyols.
The regional investment agency told Interfax that project work and development of the allocated plot will start this year. Selection of the plot is currently underway.
PCC SE operates in 16 countries, working in three major areas: chemicals, energy and logistics.