Chinese Enterprises Plan to Invest More than 400 Million RMB in Russia to Build Large Fiber Cement Plant

China's Jiangxi Ocean Willy Industrial Co., Ltd. intends to invest about 5 billion rubles (403 million yuan) to build a large fiber cement plant in the

Russian Republic of Bashkortostan, according to the press office of the chief executive. The Republic

of Bashkortostan hosted the International Business Week from 22 November to 1 December. During the business week, the Chief Executive of the Republic, Rajkhabirov, and a company delegation led by Huang Shihua, chairman of Jiangxi Ocean Willy Industry, discussed the prospect of building a large fiber cement plant in the area. "We want to make this a flagship project for the Chinese side in our Republic,

" Khabirov said. We are willing to provide compensation for the cost of infrastructure construction, provide labor resources, provide tax relief, and allow the equipment needed to build the plant to be imported from China duty-free. After the meeting

, Khabirov instructed the government of the Republic and Jiangxi Ocean Willy Industries to study all the preparatory issues

.