WHAT INVESTORS SAY
In October 2006 the company GE Energy (a branch office of the company GE), the world leader in power engineering technologies and the Yaroslavl company OJSC Scientific Production Association “Saturn”, a leader of the Russian mechanical engineering and a chief developer of aviation engines, have declared of their intention to invest in partnership of manufacturing of industrial gas turbines. The parties are actively negotiating with a purpose to create a joint company. At the initial stage the parties presuppose that the production of industrial gas turbines, with power capacity of 40-150 megawatt, will be situated in Russia, and the OJSC Scientific Production Association “Saturn” will actively participate in its work. The company GE Energy also considers potential strategic investments in different departments of industrial gas turbines production of OJSC Scientific Production Association “Saturn”.
“It is a very interesting time to work in Russia today. And we are glad to cooperate with the Scientific Production Association “Saturn”, which possesses great experience in this sector of mechanical engineering. We hope that our cooperation will be long-timed and highly productive, and both companies will focus their efforts on providing products of the world level to support processes of modernization and development of the Russian power engineering”.
“We consider it a very promising possibility to establish a joint company. We highly appreciate this kind of partnership. It is not so easy to find a partner in Russia that might compare in understanding of partnership issues to the Scientific Production Association “Saturn”.
Nani Beccalli
President of the company
General Electric International
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In 2004 the company Metro Cash&Carry has opened its Center of Small Wholesale Trade in Yaroslavl. In spring of 2007 the company plans to open in the city a shopping center Real with a total area of 11,5 thousand square meters.
“We have chosen Yaroslavl, because it is an economically developed industrial center, situated near Moscow. Entrepreneurship and infrastructure actively develop in this city, and representatives of small-scale and medium-scale businesses are our potential clients. Our goal is to support them in increasing of their own turnover. We think that businessmen not only from Yaroslavl, but also from Ivanovo, Kostroma and Vologda will find services of our retail trade center useful.”
Andrea Francesco Martinelli
General Director
“Metro Cash&Carry” Ltd.
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In 1997 the company “Bertelsmann Distribution” GmbH has constructed in Yaroslavl a Distributive Center to render services to population in subscription and delivery of books and other printed matter from publisher’s lists on the territory of the Russian Federation. At the same time the concern owns large share holding of OJSC “Yaroslavl Polygraph Industrial Complex” and carries out the modernization of this company.
“When we planned to construct a Distributive Center and establish a joint company with a Russian partner, we were looking for an appropriate place in Moscow and the Moscow Region. But then we were offered an object of construction in process in Yaroslavl. We were a bit surprised by this offer, but after visiting the city we understood that it is the place where such project can be quickly implemented. Our clients who receive books by post usually live in remote places of Russia, and Yaroslavl has advantageous geographical location – railway cars with books can go from Yaroslavl to every corner of the country. That is why we have chosen this city.
First contacts with the city and regional authorities were very positive – they welcomed us as potential western investors. They helped us and consulted on what tax remissions we could get. Actually I didn’t expect that, because I thought that maybe it is not important for the authorities that we are going to create 200-400 new working places, maybe they favoured larger enterprises, like the ones that worked in Soviet times. And I was mistaken. The local authorities have understood that it is a very important project for the city and the region. They helped us to receive agreements for construction, included us in investment programs, and granted us income tax breaks. And we constructed our Distributive center in unprecedented fast time period – in four months.
Altogether the concern Bertelsmann have invested in the economy of the Yaroslavl Region about 40 million Euros during these years.
I think that Yaroslavl and the Yaroslavl Region have a great potential for attraction of western investors.”
Michael Poetschke
General Director
Distributive Center Bertelsmann
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Minister of economic development have pointed out three main preparation programs to the celebration of the 1000-year anniversary of Yaroslavl, which will be budgeted from the federal budget. Among them are construction of the second bridge across the Volga river in Yaroslavl, the first stage of which was realized in 2006; construction of a modern regional perinatal center and resettlement program of 300 thousand square meters of dilapidated and breakdown houses.
“In the recent years I in increasing frequency hear good words about the Yaroslavl Region from large investors, they describe it as a region attractive for investments. Such appraisals are a good sign. We plan construction of a number of assembling productions here. The 1000-year anniversary of such ancient and surprising city as Yaroslavl should become a really all-Russian event. This is a good marketing date for attraction of investors and promotion of Yaroslavl in Russia and abroad. The Ministry is ready to support to realization of preparation program to this celebration. I undertake an obligation to fully support attraction of business to the Yaroslavl Region, to present the Yaroslavl Region as a place to realize business projects for serious entrepreneurs”.
German Gref
Minister of Economic Development and Trade
of the Russian Federation
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The American Concern “E.I. DuPont de Nemur Company” and the Yaroslavl company “Russkiye Kraski” have declared the establishment of the joint company “DuPont Russkiye Kraski” (DuPont Russian Coatings LLC).
“DuPont” and “Russkiye Kraski” will further develop its business in manufacturing of paint-and-lacquer coatings for motorcar industry in the CIS countries through the Joint Company “DuPont Russkiye Kraski”. The companies plan to increase their market shares that now consist of more than 25%. Establishment of the joint company is a great outlook on the eve of entry of Russia to WTO, which will let establish in Russia a modern advanced technology production together with the world leader in production of paint-and-lacquer materials.”
Yakov Yakushev
Chairman of Board of Directors of the company
“Russkiye Kraski”
“We are glad that after having carefully considered different options, we have chosen the Yaroslavl company “Russkiye Kraski”. This enterprise comprises steady position in the market, high production quality. Establishment of a joint company will mean a great break-through in coatings production technologies in Russia.
Russia plays a key role for us from the point of view of business development. We have greatly invested in the new enterprise. This shows our intention to stay here for long; we consider this business a serious undertaking”.
Michel Bladt
President of the Company “DuPont”
in the Eastern and Central Europe,
in the Middle East and Africa
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The international program of development of aviation engines SaM146 for airplanes SUPERJET-100 is being carried out in Yaroslavl, which is one of the most striking examples of Russian and European industries cooperation. This is an equal partnership of the Yaroslavl company Scientific Production Association “Saturn” and the French company Snecma (Safran Group) in development, production and promotion of the new engine unit SaM146 for use in regional and long-haul airplanes of the new generation. Specialists point out that leading world companies show great interest to the new airplane Superjet, which will be equipped with the new aviation engine SaM146. This airplane can become a real competitor for already functioning similar models.
“This will be an unprecedented project for Russia, which will let the country come out at the international market of aviation engines producers as an equal partner. Aviation engines SaM146 have become the first in Russia aviation engine units, created in accordance to the international standards for civil aviation”.
Yuriy Lastochkin
General director
of Scientific Production Association “Saturn”
“I am sure that international cooperation will provide success for aviation engines SaM146 in the market, because we united in this project our best developments, technological achievements and ideas of leading design engineers. Our partnership is a great formula of success in business”.
Jean Pierre Cojan
General Director of Commercial Engines Department
Vice-president of the company “Snecma”
“A new large international investment project in the sphere of high technologies has started in the Yaroslavl Region”.
Anatoly Lisitsyn
Ex-Governor of the Yaroslavl Region
“Russia and France have been for a long time successfully cooperating, and it concerns not only technical or economic partnership. During recent years relationships between our countries have qualitatively changed, they became much closer in different respects. The 21st century has signified a really important event in civil aviation field”.
Rene Godet
Director of Aviation Programs and Partnership Programs
of the Ministry of France