Related Keywords: AFK Sistema, big potential in domestic technical textiles market, coming years, domestic technical textiles, due to the cheaper energy resources, economic benefits, expanding operations, export of technical textiles, fabrics market, foreign markets, owned by a local billionaire Vladimir Yevtushenkov, Russian financial conglomerate
AFK Sistema, Russian financial conglomerate owned by a local billionaire Vladimir Yevtushenkov, seeing big potential in the domestic technical textiles market is considering expanding its operations in the domestic technical textiles and fabrics market in the coming years, said Mikhail Shamolin, President of AFK Sistema.
Planned volume of investments that could be allocated by Sistema in the Russian technical textiles market is not disclosed at the moment, however, according to some analysts, they may be in the range of US$ 150-200 million at the initial stage.
