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New cooperation agreements signed at the 2019 Sochi Investment Forum

February 18, 2019: The Russian Investment Forum, which brought together representatives of federal and regional authorities, leading economists and entrepreneurs, and the heads of major domestic and foreign companies, concluded in Sochi on February 15, 2019.

Within the framework of the forum's business program Rostov Oblast Governor Mr. Vasily Golubev and Taganrog City Manager Mr. Andrey Lisitskiy signed cooperation agreements with LEMAX Group and "Coastal Grain Terminal Ltd." on the implementation of investment projects and programs in the city of Taganrog.

According to the signed agreements, LEMAX Group plans to implement 3 investment projects worth 6.5 billion rubles by the end of 2022, including the launch of the second panel-type radiator plant, construction of a 15000 sq. m. fully-automated finished products warehouse, and a new plant to manufacture heating equipment and units. It is also expected that the projects will create 147 new jobs.

"Coastal Grain Terminal Ltd." plans to implement an investment project worth 680 million rubles to build a universal harbor transshipment complex in the seaport of Taganrog, with more than 50 new jobs planned to be created during the coming 3 years.