Geogrid manufacturer continues global expansion with new facility near Saint Petersburg
Atlanta-based Tensar International announced in an Oct. 30 press release that it has signed an agreement to build a manufacturing plant in Russia.
Tensar is the majority shareholder in this joint venture (JV), with remaining investment coming from Russian partners, including Russian distribution and JV partner, Grand Massar.
Don Meltzer, CEO of parent company, Tensar Corp., and Bob Vevoda, COO and president of Tensar International, met with their Russian JV partners in London earlier this month to finalize the funding and construction schedule, according to the press release.
“Our sales into Russia have expanded over recent years,” Vevoda said. “We are seeing growth in demand for our products in transportation projects, utilities and the energy sector.”
“Forecasts indicate that strong infrastructure growth will continue for the next decade and beyond making it clear to us that a plant in Russia was a necessity,” he said.
The press release noted that Tensar’s products and expertise have been well received by specifiers in Russia and central Asia. The company said it has found that with projected infrastructure programs ahead, clients are open to new technology solutions to increase construction efficiency.
Located on the south shore of the Gulf of Finland, the new plant site is in the Peterhof area of Saint Petersburg. According to the release, plans for the multi-million dollar project are now under way, with manufacturing equipment on order and a factory building obtained and currently undergoing refurbishment. The plant is set for operation by January 2014.
The release said that the plant will produce Tensar’s TriAx geogrid range and also the company’s high-strength geogrids.
Source: Tensar International