The meeting took place within the visiting session of the Moscow Economic Forum "Russian-German Economic Relations: Present and Future" in Berlin.
The parties agreed that today, all conditions for the construction and development of factories have been created to foreign investors in the Kuban region, the press service of the Administration (Governor) of the Krasnodar region reports. Existing examples of the cooperation between the region and German businessmen provide a basis to evaluate Kuban as a reliable and stable partner.
Veniamin Kondratyev within the Russian delegation also met with the Vice-Chancellor, Minister of Economy and Energy of the Federal Republic of Germany, Sigmar Gabriel, and the Minister of Food and Agriculture of Germany, Christian Schmidt. According to the participants, German companies still take a high interest in both the Russian machinery and the possibilities of expanding cooperation in the field of agricultural engineering.
In addition, the Governor of the region took part in the ceremony of signing a memorandum of intent for further cooperation between the Ministry of Industry and Trade of the Russian Federation and CLAAS, LLC in Hanover at the international agricultural exhibition "Agritechnics-2015". The document was signed in the presence of the Ministry of Industry and Trade of the Russian Federation Denis Manturov and the Vice Board of Founders of the CLAAS Group Cathrina Claas-Mühlhäuser.
The first CLAAS Factory for the production of agricultural machinery in Russia was opened in Krasnodar in 2005; investments in its construction amounted to 20 million Euro. Since then, the factory had been produced more than 4,500 units of agricultural machinery. The volume of investments in the expansion of the existing production exceeded 120 million Euro.
It is necessary to recall that the start of the second stage of the CLAAS factory in Krasnodar took place in October 2015. New workshops for metalworking, painting and installation were constructed within the project. The start of these production sites will provide to reduce transportation costs, improve the localization level of the factory and its production capacity up to 2,000 units per year.
Source: Investment portal of Krasnodar region