# 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.

- Type: New facility
- Announced: 2017-06-20
- Where: Greenstate Industrial Park, St. Petersburg, Russia
- Value: $36.5M (32.5M EUR)
- Starts operating: 2020
- Status: announced
- Capacity: 30 million liters per year
- Products: decorative and industrial paints
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Tikkurila](https://endata.com/companies/25015.md)

## Sources

- [european-coatings.com](https://www.european-coatings.com/news/raw-materials/tikkurila-plans-to-build-new-factory-in-russia/), 2017-06-20: "We are committed to developing our business operations in Russia, which is the second biggest market for Tikkurila after Sweden."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.