The plant is being built on premises of 70 hectares and will offer 450 new jobs. 75% of production is destined for the Russian market, the rest will be exported to Asia and Europe, the online platform investkaluga.com reports.
Kastamonu is a member of Hayat Holding, which achieved a turnover US$ 3 billion in 2014. The holding consists of 25 companies, among others in the fields of construction, port operations, timber and energy.