Nikoglass Ryazan

OOO Nikoglass Ryazan, a subsidiary of Technonicol Corporation, plans to build a new plant in Ryazan, Russia, to produce nonwoven glass mat using wet (paper) technology. The investment is 4,227.83 million rubles, with production capacity of 250 million square meters per year, creating 48 jobs. Start-up is planned by 2023.