Proletariy JSC will launch new production place
Proletariy JSC (Bryansk region, Russia), with the support of the government, is involved in two major projects to expand its production. In 2016 the construction of a new production place for corrugated board manufacture was started. Unique European equipment will be installed at the factory. The production place will be launched in the first half of 2018. An amount of investments is $26,5 million. The opening of the new production place will allow the factory to increase the production and expand the range of products and thus will cover the demand of the region in quality packaging.
In 2015 the factory carried out a large-scale modernization, doubling the production of cardboards that allowed the company to produce cardboard of the same quality as abroad. An amount of investments was more than $44 million.
For more than 120 years Proletariy JSC produces cardboard, corrugated board and corrugated packaging. There are more than 844 employees at the factory and the annual rearnings of the company is more than 4 billion rubles (~ $70, 5 million).
The company is among the 5 largest taxpayers in the region.