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Tikkurila Plans Russian Paints Plant

10:52 EDT 22 Jun 2017 | CHEManager

Finnish manufacturer Tikkurila is planning to invest in another paints plant in Russia in order to strengthen its position in the local market. The Vantaa-headquartered group has signed a letter of intent to buy a seven-hectare site in the Greenstate Industrial Park, near St. Petersburg. Design work will start immediately with construction set to begin late next year. Production is scheduled to start sometime in 2020.

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