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Agreement concluded between ENK and Mukharbek Aushev from Russia

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DATA DATA October 10, 2016 HIT12,826
16-10-10 13:36    |   HIT 12,826

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June 2, 2015 Busan (Korea) hosted a meeting of representatives of NK group and private Russian investor Aushev Mukharbek. The meeting was attended by NK group President – the Chairman of Korean Marine Equipment Association Yoon So Park, there was also Sung Woo Byun - the Managing Director of ENK Company (which is the subsidiary of NK group) and the other members.
During this meeting, the participants had visited the industrial complexes of NK group where they got the unique opportunity to observe the production process which was proceeding by using the latest technologies.
The members of the event have outlined investment projects at such areas as logistics, technical repair and service of sea crafts, the production of extinguishing automated control systems. Furthermore, they discussed the prospect of implementation of these projects in Russia.
As a result of this meeting between President Yoon So Park and Mr. Aushev, it was signed an agreement of intention to realize investment projects in Russia.
Furthermore, ENK Company and Mr. Aushev concluded an agreement to implement the project «Organization of production of high pressure cylinders» on the territory of Lipetsk special economic zone of industrial type in Russia. The total investment of the project is 60 million USD.
These agreements will undoubtedly contribute to the expansion of Korean investment capital in the Russian economy and will support the Korean producers of goods and services.
NK group is the largest Korean producer of high pressure cylinders and is also provider of high technologies in such areas as transportation and storage of compressed natural and industrial gases,fire extinguishing systems, ballast water treatment systems for ships and etc.
Mukharbek Aushev is Russian private investor who implements major manufacturing startups in various industries. His most famous and largest project is the creation of narrow-body and wide-body aircrafts maintenance and repair center. The center is situated in the port special economic zone «Ulyanovsk-Vostochny» located in the European part of Russia.