Perm Territory and PJSC Metafrax have signed a special investment contract on AUM Project

On February 15, 2018 in the course of the Russian Investment Forum held in Sochi, a three-party special investment contract on construction of ammonia-urea-melamine (AUM) industrial complex was signed in presence of Denis Manturov, the Russian Federation Minister of Trade and Industry.

This Contract has been concluded for 10 years between PJSC “Metafrax”, Perm Territory and Administration of Gubakha. Maxim Reshetnikov, the Governor of Perm Territory, Vladimir Daut, Director General of PJSC “Metafrax” and Nikolay Lazeikin, Head of Gubakha have affixed their signatures to the Contract.

Armen Garslyan, the Board Chairman of PJSC “Metafrax” has emphasized that construction of a new industrial complex jump-starts the territory development: new jobs are creating; the company is constructing housing, infrastructure, and social objects.

Vladimir Daut, Director General of PJSC “Metafrax” said that the company has already invested 8,4 bln. rubles into pre-construction activities. The top-manager has also said that 3 000 people will be engaged in construction works, and budget revenues to municipality from subcontractors will make up tens millions rubles. During terms of the special investment contract, the tax liabilities of the company will be increased by 1 bln. rubles.

The investment project for AUM construction is essential for Gubakha town. Nikolay Lazeikin, Head of Gubakha, put emphasis the investment and contribution of entire company and new project into development of the town. According to him, apart from new housing and infrastructure, the small and medium business is rapidly growing in Gubakha.

According to the special investment contract, by 2021 PJSC “Metafrax” will construct a new ammonia-urea-melamine production complex from methanol purged gas. The total investments into the project including the own and borrowed assets will make up more above 58 bln.rubles, excluding VAT.