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The first investor from Iran to come to the Ulyanovsk region with a production project


A large Iranian company will create production of composite gas cylinders in the region. On September 9, the Governor Sergey Morozov, the CEO of the Ulyanovsk Region Development Corporation Sergey Vasin and the Chairman of board of directors of the Rad Sane Atti Industrial Group Hussein Yagkhoubpur signed the agreement on implementation of an investment project.

"The Ulyanovsk region considers Iran as one of the most reliable and perspective partners. We are working closely in a wide variety of industries, and the next cycle of development of these relations is especially important for us. The president set a task to expand the use of gas fuel in transport. We have an agreement with Gazprom, which has developed a relevant programme within which this project will be implemented. It will not only allow to significantly improve ecological safety and to reduce emissions in the atmosphere, but also to create several tens of new jobs with a high salary", - Sergey Morozov noted.

The new enterprise will be placed in the territory of the Special Economic Zone. In total more than 1.4 billion rubles were invested in this project and more than 100 workplaces would be created for inhabitants of the region.

"I chose the Ulyanovsk region for placement of our production because there are favorable conditions for business and also I appreciate the attitude of the head of the region towards investors. It is very comfortable to work. Iran has extensive experience in gas industry and we want to share it with Russia. Recently we have patented a setup which can make diesel aggregates work using gas - a so-called diesel-gas setup. And the initial release of this technology will be performed in Ulyanovsk", - Hussein Yagkhoubpur said.

The investor emphasized that the company plans to buy all raw materials necessary for production in Russia. The equipment with the highest level of safety, which will be manufactured here, is used for aircrafts, cars and household needs.

According to the information provided by experts of the Ulyanovsk Region Development Corporation, the project is scheduled to be implemented on a phased basis. In the first half of 2017, designing will be carried out, as well as the official allocation of the land plot. In the second half of 2017 - 2018, the company plans to construct a plant. The facility will be put into operation by the end of 2018.

"We consider cooperation with Iran as a very perspective one. Even though we started working with this country in the investment sphere less than a year ago, we can already see the first results. This new project perfectly fits perfectly into our development strategy for production of new materials, composites in particular. In addition, the owner of business is a prominent Iranian businessman and can implement projects in other industries too. Currently we are also working with a number of Iranian companies on projects in the spheres of agricultural and logistics", - Sergey Vasin reported.

As a reference:

Rad Sane Atti Industrial Group is a large holding company which is the main manufacturer of composite gas cylinders in Iran. It has developed expertise in construction of gas stations. A plant of the company is located in the Iranian city of Qom. The company has an enterprise in the Moscow region.

Additional information:

Tatiana Fadeeva,
Ph.D., Head of Public Relations Department
Ulyanovsk Region Development Corporation, JSC
Phone: +7 (8422) 73 70 01, ext. 118