Danish paint manufacturer Hempel has signed an investment agreement with local government officials of Russia's Ulyanovsk region, paving the way for Hempel to open its first paint production facility in the country. The ∈23 million (US$32.51 million) turnkey project to be built close to the city of Ulyanovsk, nearly 900km east of Moscow and is scheduled to start production in December 2012. "This will be our first Hempel factory in Russia," said company CFO Kim Junge Andersen. "We've had a very good experience with our organisation in Russia, and they have become well-established in the market. This plant will significantly increase our ability to service our customers in the region." The new plant will feature the latest in environmentally-friendly coating production equipment technology, including a semi-automatic powder handling system, an automatic liquid dosing system and a solvent recovery unit.
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