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Russia to develop a new $300 mn complex for the production of man-made fibres in the Ivanovo region

Related Keywords: $300 million complex, 15 million linear meters, Ivanov, man-made fibre industry, Russia, Russian Union of Chemists, yarn

In Russian, at present the situation in the man-made fibre industry remains complex, this is reflected by the fact that, despite numerous investment projects, which have been declared in Russia in recent years, up to 70% of domestic needs in man-made fibres is met by imports.

The Russian Union of Chemists has inked an agreement with the Russian Union of Entrepreneurs of Textile and Light Industry (Soyuzlegprom) on the design of measures for the support and increased productivity of the country’s man-made fibres industry.

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