Global electrical equipment manufacturer Groupe Legrand has launched a project to establish a new production plant in south western Russia.
The Limoges, France-based group has begun constructing a 22,000m2 facility for the manufacture of low-voltage switching equipment at the newly created Zavolzhye industrial park in the Ulyanovsk region.
A ceremony to mark the laying down of the plant’s foundation stone took place at the site this month as the newly developed industrial park takes shape within the Ulyanovsk special economic zone.
The park is set to be completed in mid-2017 and a number of companies, Russian and foreign are planning to take up new sites there, Ulyanovsk governor Sergey Morozov announced at the Legrand launch.
“Today we are on the verge of forming a new, "smart" economy, a future economy based on high and advanced technologies, and certainly such modern enterprises will have an important role to play. Legrand company is one of those enterprises,” he said.
In the year 2017-18, Legrand expects to invest more than €16m in its newest production site which is due to create at least 300 new jobs there. Work on the plant is scheduled to be completed by the end of next year.
The French group already operates two other subsidiary businesses in Russia including Kontaktor, the leading producer of high current circuit breakers, which Legrand acquired in 2007. Its operation is located at Oulianovsk, southeast of Moscow.
Prior to its takeover by Legrand, Kontaktor was already the leader in the manufacture of air circuit breakers and moulded case circuit breakers.
Originally, Legrand established its first Russian production unit, the Leten plant in 2003 in the town of Dubna, also located close to the capital.
The French ‘smart’ power specialist signed a formal agreement to the project with the Ulyanovsk regional authorities, including the governor Sergey Morozov, at the international energy forum ‘Energy Efficiency and Energy Saving 2016 in Moscow.
Zavolzhye industrial park is expected to accommodate up to 15 resident industrial companies and is set to include firms providing service and maintenance to the aviation sector, according to the Ulyanovsk governor.
The industrial zone is already home to a plant of the Japanese automotive safety systems producer Takata Corporation. The firm invested nearly €16m to construct the facility which it opened in 2013 creating around 330 jobs.