Tikkurila plans to build new paint factory in St. Petersburg, Russia

Tikkurila has signed a Letter of Intent to buy a seven-hectare industrial site in Greenstate Industrial Park near St. Petersburg to build a greenfield factory with an annual capacity of 30 million liters. The total investment is EUR 30-35 million, with construction scheduled to begin in 2018 and production in 2020.

“We are committed to developing our business operations in Russia, which is the second biggest market for Tikkurila after Sweden.”european-coatings.com

• 1 source
• european-coatings.comTikkurila plans to build new factory in Russia - European CoatingsJun 20, 2017

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