Netkanika

Netkanika will invest 953 million rubles to expand production of multilayer nonwoven materials (spunbond and meltblown SMMS) for PPE at its base in Rogovo, Moscow. The line will have a capacity of 7,000 tonnes per year, with 400 million rubles from the Industrial Development Fund.

Netkanika, a spunbond and spunmelt nonwovens producer, signed a strategic cooperation agreement with Sibur to develop the export market for polypropylene nonwoven materials based on Sibur's polypropylene.

SIBUR and Netkanika have signed a strategic cooperation agreement to facilitate the export of polypropylene nonwoven materials produced by Netkanika using SIBUR's polypropylene.

After acquiring Regent NM, Netkanika plans to invest around $10 million in modernisation and increase its capacity by 40%.

Netkanika acquired Regent NM, a Russian nonwovens producer, for $25 million, gaining production assets in Novaya Moscow region. Netkanika plans to invest $10 million to increase capacity by 40%.