Investments in Naberezhnye Chelny CPM
43 million USD will be invested in 2018 in the Naberezhnye Chelny CPM.
For 8 months of the current year Naberezhnye Chelny CPM sold products for 116 million USD, which by 4.8% more if compared to the same period of the last year, said the plant’s general director Andrei Fomichev.
He said that “all the main divisions of the company operate with a profit”. According to Andrei Fomichev, the cardboard factory increased production by 0.45%, “it is the best possible output and physically impossible, and that is why we are planning modernization in 2018-2019. Corrugated board production comes with an increase of 5%. The production of toilet paper grew by 3%. ” The volume of investments in 2017 is estimated at 26 million USD (own funds – according to Bumprom.ru). In 2018 this figure will grow to 43 million USD. As the General Director of CPM noted, the contracts are not only signed but almost all financed. According to him, thus the plant retains the dynamics of recent years, but, most importantly, it retains market share.