Hayat Kimya Opened Tissue Paper Production Facility in Tatarstan with 150 Million Investment. Hayat Kimya entered the Russian Federation market with an investment of more than 150 million dollars, together with its cleaning paper production facility in Alabuga SEZ (Special Economic Zone) of Tatarisyan Republic and its marketing and distribution company in Moscow. Continuing its global investments, Hayat Kimya entered a new market after Egypt, Algeria, Iran and Bosnia and Herzegovina. Speaking at the opening ceremony of the production facility, which was also attended by Minister of Economy Nihat Zeybekçi. Life Holdings Avni Kiğılı, Vice Chairman of the Board of Directors and CEO of Hayat Kimya, Rusya FederasyonuHe said that Turkey is a very big market and they also have big targets.
We will reach our goals
Kiğılı said, “We have invested in Papia, Familia, Molfix, Molped and many other companies in a short time with the quality of our products and our qualified human resources in our investments in different geographies as well as in our country. Bingo We have achieved success with our brands, and we will achieve my goals in the Russian Federation," he said.
Alabuga SEZ facility, which became operational in a short period of 30 months despite the harsh climate and working conditions that went down to -24 degrees in winter, made Hayat Kimya the largest tissue paper producer in the Middle East, the Balkans and Eastern Europe. It was realized with an investment of 150 million dollars. The facility, which is located on a closed area of 40 thousand square meters in a total area of 73 hectares, suitable for additional investments, has an annual production capacity of 70 thousand tons. With this investment, Hayat Kimya provides direct employment to more than 400 people at the facility and a total of 650 people with its marketing company in Moscow.
Source : news.star