Moscow, April 10, 2017 – The Russian Aluminum Association, the Government of the Krasnoyarsk Krai and UC RUSAL (trade code 486 on the Hong Kong Stock Exchange, RUSAL/RUAL on Euronext, RUAL/RUALR on Moscow Exchange), one of the world's largest aluminium producers, announce the renaming of the Aluminium Valley project to the Krasnoyarsk Technological Valley.
The name of "the Krasnoyarsk Technological Valley" more accurately reflects the nature and main directions of the future development of the territory, the essence of which is to create a complex of high-technology enterprises in the Krasnoyarsk Krai for the production of high value added aluminium products.
In particular, the Krasnoyarsk Technological Valley will create all the conditions to launch enterprises for the production of rolled products for aviation and shipbuilding, components for the automotive industry, products for the cable and construction industry, packaging, consumer goods, including sports goods. The distinctive feature of each project will be its technological perfection and high competitiveness, not only in the domestic, but also in the external market. The launch of these projects excludes increase of any pressure on the ecological situation in the province.
17 projects of potential investors are being worked out, including those involving foreign companies. Nine out of 17 projects have initial investment of more than 400 million dollars, and it is planned to create 1200 new jobs.
The Government of the Krasnoyarsk Krai is preparing an application for the creation of a Special Economic Zone (SEZ), and business plans of investors are under preparation.
The Aluminum Association of the Russian Federation is also exploring the possibility of creating similar industrial parks in the Republic of Khakassia and the Volgograd Region.
In June 2016, the Government of the Krasnoyarsk Krai, the Aluminum Association and RUSAL signed a protocol of intentions to create an innovative industrial area in the Krasnoyarsk Krai. The project is in line with the strategic directions of development and industry programs of the Minpromtorg Russia, including the creation of new high-technology productions, import substitution, increased output of value-added products and growth of the domestic aluminium consumption market.