It is said that the plant, in Lobnya, north of Moscow, will produce a comprehensive range of products, including high-density materials.
The factory will supply major distributors and general construction companies as well as their installers in the Russian Federation, Kazakhstan, Belorussia and Azerbaijan.
“The Russian market is very interesting for us as the local demand for high performance insulation products is continuously growing,” said Patrick Mathieu, CEO of Armacell International. “This is mainly due to the increasing substitution of traditional insulation materials,” he added.
Armacell has been present in Russia since 2008. In March 2010, the subsidiary OOO Armacell Rus was established and warehouses in Novosibirsk, Krasnodar and Saint Petersburg were added in the following two years.