The Arnest Packaging Solutions company has opened a new plant for the production of aluminum cans for beverages on the territory of the Zavolzhye Industrial Park in Ulyanovsk. After reaching its design capacity, the plant will be able to produce more than 1.6 billion cans per year. This is stated in the message of the FRP.
Total investments in the project exceeded 13.5 billion rubles. Of these, RUB 5 billion in the form of a concessional loan for the purchase of high-tech equipment was provided by the Federal Industrial Development Fund (FRF).
The implementation of the project to build a plant in Ulyanovsk was started by the previous owner of the assets, the American company Ball Corporation. The official groundbreaking ceremony took place in Ulyanovsk on October 15, 2021. Subsequently, the project was frozen due to the company's withdrawal from the Russian market. The new owner, the Arnest Group of Companies, announced the resumption of construction in December 2022.
Arnest Packaging Solutions is a Russian manufacturer of aluminum packaging for beverages. The company owns three plants for the production of aluminum cans and the only plant in Russia for the production of aluminum caps. The enterprises are located in Naro-Fominsk, Moscow region, Vsevolozhsk, Leningrad region and Argayash, Chelyabinsk region. The new plant in Ulyanovsk became the fourth production of an aluminum can of the company.
The Industrial Development Fund was created to modernize Russian industry, organize new production facilities and ensure import substitution. FRP provides loans at 3% and 5% per annum for up to 7 years in the amount of 5 million to 5 billion rubles.
