German building materials firm invests €24 million into Russia
Published: 14 May, 2008, 15:51
Germany’s building materials manufacturer Xella is launching its first production unit in Russia. The company is investing €24 million in the production of its aero concrete on the premises of a concrete plant in the city of Mozhaisk near Moscow
This is in response to skyrocketing demand and prices for building materials.
Moscow is now the biggest real estate market in Europe. Construction has caused a shortage of raw materials supply such as cement.
13.05.2008, 21:11
Russians see benefits of private pensionsThe private pension market in Russia is growing rapidly. Market analysts forecast that in the next seven years almost half of the country’s working population will transfer their pension savings from state-run companies to private fund managers. |
14.05.2008, 19:21
Interview with Jaroslav BuresGermany’s building materials manufacturer Xella is launching its first production unit in Russia. Jaroslav Bures, Executive Director of Xella, told Russia Today about his company’s prospects in the country. |
