Investment of IPLAST Ltd. in storage packaging for apples will be more than 350 million rubles
IPLAST Ltd. announces the beginning of the investment in the production of storage packaging for fruit and vegetables, that is a large-sized polymer container iBox 1200х1000 mm. The investment amount into this project will be up to 350 million rubles. The company is also planning to release a number of large-size containers and to localize production at its several production sites. IPLAST Ltd. plans to start large-volume production of solid-cast polymer container iBox 1200х1000 mm at the first stage of the project by July, 2017. Thus, by the time of harvest, customers will be able to equip their warehouses with new high-quality containers manufactured in Russia at the production site in Stavrovo, the Vladimir region. The mold for this product is made by the leading European moldmaker, that together with high performance European injection molding machine allows obtaining a product of the highest quality standard with high productivity – more than 18,000 products per month. At the second stage of the project IPLAST Ltd. intends to expand the product line of large-sized packaging and to localize production at the new production site in the southern Federal district. At the moment the company is finishing negotiations about the place and the date of the site’s start-up in order to start production there in 2018. A soliid plastic container iBox is a unique product in the Russian market that best meets the technical, hygienic and economic quality standards and fully meets the interests of today's farmers, including apple growers. Made of quality raw material — virgin high-pressure polyethylene — this container can be used in a wide range of temperatures for more than a decade. The container is large, reliable, stackable up to eleven tiers and makes harvesting effective. Most significantly, harvest specialized storage is filled with a gaseous medium. This container can be used for storing apples, pears, potatoes, melons, beets, carrots, cabbage and other agricultural products. The project of IPLAST Ltd. production of packaging for agro-industrial complex was approved by the investment Board of Nizhnekamsk as a promising project of territorial development that confirms the relevance and timeliness of the Company’s made investments.
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