TechnoNicol to Build Third Stone-Wool Insulation Plant in Rostov Region With 7.5 Billion Ruble Investment

ROSTOV-ON-DON, January 22, 2024 — Russian building materials manufacturer TechnoNicol plans to begin construction in 2024 of its third plant in Rostov Region, producing thermal and acoustic insulation (stone wool), the region's Investment Development Agency (IDA) reported. Investment in the new plant will total 7.5 billion rubles, of which more than 1.8 billion rubles will be spent in 2024; the plant is scheduled to open in 2026.

A third plant for the Krasny Sulin cluster

The agreement on the project was signed by TechnoNicol president and managing partner Sergei Kolesnikov and Rostov Governor Vasily Golubev at the 2023 St. Petersburg International Economic Forum.

"An industrial cluster to produce modern, environmentally friendly, import-substituting construction materials and other products from stone wool is being created on the basis of TechnoNicol production facilities in Krasny Sulin. Overall investment in projects that TechnoNicol is currently implementing in Rostov Region exceeds 13 billion rubles," IDA chief executive Igor Burakov was quoted as saying in the press release.

Modernization of existing facilities

In addition to investing in new projects, the company is continuing to develop existing facilities. Almost 80 million rubles will be spent on modernizing the company's Techno Plant in Rostov Region and expanding warehouse capacity, plant director Vyacheslav Abakunov said. As a result, production will increase further.

Production of stone wool at the plant in Krasny Sulin rose by almost 6% in 2023. Finished products were shipped to Russia's Southern, Central, Volga and Northwest federal districts.

The company launched production of thermal substrates in Krasny Sulin in the fall of 2023 and in 2024 it will begin manufacturing mineral wool plugs for seedlings at the plant.

A wider investment program

It was reported earlier that TechnoNicol plans to invest 9 billion rubles in the construction of two plants to manufacture mineral insulation and polymer thermal insulation at the Krasny Sulin industrial park in Rostov Region, scheduled to open at the end of 2026. The stone wool plant will make:

• thermal and acoustic mineral wool insulation for residential, public and industrial buildings;
• industrial insulation and materials for fireproofing structures;
• substrates for greenhouses.

Key facts of the announcement

• Project: third TechnoNicol plant in Rostov Region, thermal and acoustic insulation (stone wool).
• Investment: 7.5 billion rubles, of which more than 1.8 billion rubles in 2024.
• Opening: scheduled for 2026.
• Agreement: signed at the 2023 St. Petersburg International Economic Forum by Sergei Kolesnikov and Vasily Golubev.
• Cluster: overall TechnoNicol investment in Rostov Region exceeds 13 billion rubles (Krasny Sulin).
• Modernization: almost 80 million rubles for the Techno Plant and warehouse capacity.
• 2023 output: stone wool production at Krasny Sulin up almost 6%.
• Separate program: 9 billion rubles for two plants (mineral and polymer thermal insulation), opening end of 2026.

Company and contacts

TechnoNicol, founded in 1992, is a major manufacturer of roofing, waterproofing and thermal insulation materials.

Contacts: the Rostov Region Investment Development Agency (IDA) press release and statements by IDA chief executive Igor Burakov and plant director Vyacheslav Abakunov, as cited by Interfax in the source report.

Website: https://technonicol.com/