Italians will invest
The Italians will invest into Master-Pak, a manufacturer of corrugated packaging.
A working meeting of the Penza Governor with representatives of Intesa Bank was held in Verona within the framework of the official visit of the delegation of the Penza region to the Italian Republic. After the meeting a preliminary agreement was reached on the participation of the Italian bank in the implementation of the investment project of the Master-Pak company, the website of the Penza government reports.
The Italian bank plans to invest in the Master-Pak carton manufacturer in Penza.
Issues of loans to joint projects implemented in the Penza region, the interaction between Intesa Bank and the regional branch of Sberbank in financing Russian-Italian projects for modernization of manufacturing in the region were considered during the business negotiations.
“Today we are ready to offer your bank cooperation in various areas. It is important for us that a foreign investor chooses Russia and the Penza region for the development of production. It is mutually beneficial, “the governor stated.
“One of the projects that can be implemented with the support of your bank, is currently being implemented by the Master-Pak company in Penza. The company has successfully proved itself in the Russian Federation. Today the demand for packaging in our country is very high, as Russian production increases the volume of manufactured goods. Therefore, Master-Pak expands its production, creates new lines for the production of packaging “, – he explained.
Master-Pak, a company in Penza, is a large producer of corrugated cardboard and packing thereof.