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Construction of a Coffee Workshop and a Cheese Dairy Began in Kuban under the RIF-2018 Agreements

The Governor of the region, Veniamin Kondratyev, told TASS journalists about it.

A part of large projects under the agreements for the implementation thereof signed by the Kuban Administration and investors within this year’s Russian Investment Forum in Sochi, started in the Krasnodar Region during six months. So, the construction of a cheese dairy was started, an orchard is being laid out, a modernization of the instant coffee factory is underway.

– The region concluded 18 cooperation agreements and 194 memorandums of understanding for cooperation in the field of investments at the Russian Investment Forum this year. The implementation of a number of projects is already at an active stage. For example, construction work began on the erection of the hardware shop of the Abinsk Electrometallurgical Plant. The brand of natural instant coffee produced by Nestle Kuban has re-started and the factory is expanding, – the Head of the Krasnodar Region said.

He also added that construction, installation of equipment and connection to utilities at the Voronezh Champignon, Abrasive Technologies, and Kuban Tee facilities are underway. The construction of a plant for the production of cheeses and butter was started in the Vyselki District. The Pavlovskaya district has already started laying out a garden on an area of ​​113.8 hectares using Italian planting material.

According to him, the total volume of the proposed investments within the documents signed at the RIF is nearly 242 billion rubles. This year, investors showed increased interest in the fuel and energy sector, construction and agriculture which are traditionally the most stable for business operations in Kuban. The volume of investments attracted to industry, transport, and social field also increased.

It should be recalled that the Russian Investment Forum 2018 was held in Sochi on February 15-16. It is a traditional platform for the presentation of the investment and economic potential of the Russian Federation.

Press Service of the Administration of the Krasnodar Region