Company Metafrax Signed a Memorandum With the Krai Government

On the November, 10th, during the Third International Industrial Engineering Forum, PJSC Metafrax and the krai government signed a Memorandum of Understanding in terms of the special investment contract concluding. According to the confirmed investment project, Metafrax will build the Ammonia-Urea-Melamine complex in Gubakha. As the result, 400 well-payed workplaces will appear. The document was signed by Vladimir Daut, General Director of the company, and Victor Basargin, Governor of the Perm Krai.

In the framework of the forum, Metafrax presented for the science and engineering community judging its investment project for the Ammonia-Urea-Melamine (AUM) complex construction based on the unique Casale Group technology, with the overall cost of 700 million euro, equipping its informative exposition with new demonstration technology elements.

Victor BASARGIN, Governor of the Perm Krai:

• Metafrax is one of the actively developed companies in the Kama Region that realizes the large-scale innovational project with the overall investment volume of more than 50 billion roubles. The company will implement modern technologies and prepare new specialists, so it actively started to solve those important tasks. Today, the Memorandum signing is a great example of how companies and government should interact: the project realization will help to solve important social problems of the krai and the production units location area including the housing problems. I’d like to express my gratitude to Metafrax and wish a success to the company.

Vladimir DAUT, PJSC Metafrax General Director:

• The Memorandum signing is an important milestone on the way of the company capacity development. There are two parties who took the responsibilities: we – the investors – create a modern complex with 400 workplaces with the modern working conditions, and the krai will get the tax payments to maintain the social sphere. Taking this into the account, the government gave us an easy taxation load, so we could successfully bring our plan to life. As the result of this two-sided interest, Gubakha and the region will intensively develop, and the company will be carry out its social politics, if the AUM project will be finished fully and in time.

The Memorandum signing demonstrates seriousness of the company’s investment intentions and the region’s readiness to support those intentions. For Gubakha, this document brings guaranty of successful life for the following years.

- Metafrax makes its investments because, as business, it feels secured in the Perm Region, the law allows us to predict and make significant profitable investment decisions, also for the region, for a long time ahead, thus, we give a signal to the other investors. – Noted Armen GARSLYAN, Metafrax Board of Directors Chairman.