March 7, 2016
Sugaronline | http://goo.gl/3t0f6a
Japan and Indonesia will invest in a Thai-Russian sugar refinery in the Sovetskaya Gavan Special Economic Zone in the Russian Far East, according to Russia Beyond the Headlines.
The refinery, being built near the city of Khabarovsk, is a joint venture between Thailand's Sutech Engineering (80%) and the Khabarovsk Territory Administration, which has a 20% stake and is providing the land for the project.
Indonesia will supply technical equipment while Thai and Japanese banks will provide financial assistance for the project.
The refinery is expected to process 1,500 tonnes of sugar per day.
"We will use both Russian and imported raw materials for sugar production," Nikolay Brusnikin, an official with the Khabarovsk Administration told TASS.
The mill is expected to start production in May 2016, and is the first major Thai investment in the Russian Far East.
Under the joint venture agreement, the Khabarovsk Administration will take over the mill in 2046.