Liniya Prava has prepared the investment agreement signed on June 16, 2016 by the French company Arc International to construct a glass manufacturing plant in the Chernyakhovsk industrial park in the Kaliningrad region of Russia.
The overall estimated investments amount to RUB 6.5 billion. Construction of the plant, which is expected to possess a production capacity of 53,000 tons per year, is expected to start by the end of 2016 on a 45 hectare section of the industrial park leased by Arc International from the Kaliningrad region government. Liniya Prava reports that “starting from 2018 the plant will produce table glassware made of common and toughened opal glass,” and says that “it will become the first plant producing glassware made of opal glass across the CIS countries and Eastern Europe. It is predicted that implementation of such large-scale production project will result in creation of 1050 new jobs."
The Liniya Prava team “carried out a detailed legal analysis of draft investment agreement establishing order of provision of state support for construction of the glass manufacturing plant, proposed by the Government of the Kaliningrad region, and prepared a draft agreement for signing, taking into account the parties’ lawful interests and legal requirements."
“We were pleased to provide legal support in the course of the project, involving entry of a major international player into the Kaliningrad region,” commented Liniya Prava Partner Vadim Konyushkevich. “The project displays popularity of various forms of cooperation between state and private businesses for performing large-scale investment activity in Russia by foreign corporations. For sure, successful implementation of similar projects has positive effect both on general investment climate in the country and on boosting economic indicators of regions, providing beneficial treatment for foreign investors.”
