"BIAXPLEN" and the Kursk regional administration concluded a cooperation agreement

In the Kursk Council House a working meeting of the first deputy governor of the Kursk region Mr. Alexandr Zubarev, the sales and marketing director of «BIAXPLEN» LTD Mr. Ilya Papusha and the executive director of the Kursk branch of «BIAXPLEN» LTD Mr. Victor Lushnikov was held.
The Parties discussed the results of their joint-cooperation and prospective issues, having signed a new cooperation agreement for the period of 2014 — 2016. The Kursk branch – a structural unit of «BIAXPLEN» LTD which is part of petrochemical holding SIBUR — the leader in production of biaxially oriented polypropylene films (BOPP-film) not only in Russia, but in Eastern Europe as well. The third part of the total turnout is annually exported to the neighboring countries and beyond. Due to large-scale modernization and technological upgrade the Kursk production now competes not only with China and India, but with European countries as well.
At the meeting it was noted that the owner intends to continue investing into the company’s development and increasing export turnover. The partners also discussed the issues relevant to taxation and the Holding's involvement in social projects.
Ilya Papusha said that according to the agreement reached with the regional administration the project on regional tax return from the managing company to the regional budget was implemented. "We hope that this will contribute to further development of the region and the company", — he said.
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