TOMSK, Nov 23 – RIA Tomsk. Sibirskiy Titan company, a
resident of Seversk Priority Social and Economic Development Area
(PSEDA), to quadruple investments into titanium dioxide production at
the Siberian Chemical Plant (SCP) after successful launch of the pilot
line and meet up to 30% of Russian market demand, RIA Tomsk reports from
the round table for potential investors.
Earlier it was
reported that Sibirskiy Titan company (Siberian Titanium) became the
first resident of the Seversk PSEDA in 2019. The enterprise was planned
to produce titanium dioxide, a product for the paint, plastics and paper
industries, on the vacant space of SCP. The company was expected to
invest about 1 billion rubles into the new production, which would
create 44 new jobs.
On Tuesday, International Cultural
Centre of Tomsk Polytechnic University hosted a round table discussion
for businessmen who might become residents of the Seversk PSEDA. The
meeting was organized by Atom-TOR, the operator of all the PSEDAs that
have been established in cities where Rosatom has a presence.
Russian market (of titanium dioxide) currently consumes 110-120
thousand tons. On the first stage of our project we are planning to
produce 10 thousand tons in 2024... If everything works as we plan,
further we will scale up to 30 thousand tons – i.e. up to 30% of the
Russian market," Director General of Sibirskiy Titan Andrey Tyutyukov
Nikolay Pegin, General Director of AO Atom-TOR,
added that after receiving a pilot batch of the product and additional
market analysis, Sibirskiy Titan decided to increase the amount of
investment up to 4 billion rubles.
According to the
SPARK-Interfax information and analytical system, OOO Sibirskiy Titan
registered in 2017 in Seversk, is 25% owned by SCP and 75% by Davinci, a
Moscow-based venture capital holding company. The PSEDA resident's
registered capital is 328 million rubles and its net assets were
estimated at 287 million at the end of 2020.
was reported that in 2019 the Russian authorities established a PSEDA in
Seversk specializing in high-tech chemistry, medical industry, nuclear
materials, engineering and IT. Each resident who invests at least 10
million rubles in production receives benefits: social insurance
contributions – 7.6% instead of 30%, profit tax – 5% instead of 20%.
Currently, there are 15 residents registered in the PSEDA.