Arkhbum-Pack to build paper bags plant in Kaluga region


Arkhbum-Pack will build a paper bags plant in the Kaluga region. The investment sum will stand at RUB2bn.

Arkhbum-Pack LLC and the Government of the Kaluga region signed a Letter of Intent on a joint investment project for the construction of a consumer packaging plant. According to a release by Arkhbum-Pack, the stakeholders want to invest RUB2bn (€24m) in a paper bags plant, which will be located in the Kaluga Special Economic Zone (SEZ) and will create 200 jobs.