Greif Announces Expansion Plans for Russia
DELAWARE, OH — Greif, a leader in industrial packaging products and services, announced plans to invest in a new steel drum production plant in Russia, underlining its ongoing commitment to customers in this market.
Situated 80 kilometers southwest of Moscow in the fast-developing region of Kaluga, the plant will be Greif’s seventh steel drum production facility in Russia, and the largest of its kind in the country.
Equipped with the latest steel drum manufacturing technology, the new plant, located in Vorsino Industrial Park, will cover an area of 6000 square meters and is expected to create 50 new jobs. The central region of Russia was chosen because of its geographic location within the Moscow transportation hub and proximity to several of Greif’s key customers.
The new facility will feature an automatic steel drum line with a capacity of two million units per year. Additionally, in response to continued market growth, a further investment in the Vorsino site is planned for early 2019 with the launch of Greif’s second IBC line in Russia (after Kazan).
Konstantine Savinov, General Manager of Greif Russia, explained, “The opening of a brand new hi-tech facility in the central region further strengthens Greif’s leading position in the Russian industrial packaging market, which we have operated in for the last 25 years.
“It will allow us to better serve our existing customer base by offering greater flexibility, reduced lead times and lower transportation costs, whilst also allowing us to secure new contracts in this rapidly growing market.”
This latest investment follows the opening of Greif’s state-of-the-art IBC facility in Ede, the Netherlands, in May 2018.