Henkel to build two plants for the production of mortar in Russia by 2012
DUSSELDORF. March 31 (Interfax) - Germany's Henkel plans to build two more plants in Russia for the production of mortar by 2012, one of which will be located in Siberia, the company's executive vice president, Thomas Geitner, told journalists.
"We plan to build an additional two mortar plants in Russia and are now looking for suitable sites. These projects are slated for 2011-2012," he said.
The company's development strategy foresees the set-up of production sites in all of Russia's regions.
Henkel KgaA owns 140 enterprises in various countries. The company's subsidiary, Henkel Bautechnik (in Russia OOO Henkel Bautechnik) is one of the leading producers of building and home repair materials.
In Russia, production of Ceresit building mortar takes place at OOO Henkel Bautechnik in the Moscow region and in the Chelyabinsk region. In addition, the plants produce industrial glues and materials for surface finishing, as well as household glues for repairs at OJSC Henkel ERA in Engels.
In July 2010, Henkel plans to launch production of dry mortar in the Ulyanovsk region with capacity of around 100,000 tonnes a year. Investment in this production comes to 11.5 million euro.