Cooperation between PROMTECH and economic park Ulyanovsk

As part of the Russian PROMTECH Group’s expansion, closer cooperation is planned with the state-owned Ulyanovsk Region Development Corporation, which facilitates development of the Ulyanovsk Special Economic Zone.

These plans were made official on 18 August 2015 with the signing of a memorandum of understanding between Sergey Morozov, the governor of Ulyanovsk Region, Sergey Vasin, CEO of the Ulyanovsk Region Development Corporation, and Elena Aleynikova, who represented PROMTECH project engineering. The objective of this cooperation is the joint realization of future investment projects.

The agreed-upon arrangement foresees that PROMTECH, as technical consultant and contact, will assume responsibility for the development and expansion of the various industrial parks and special economic zones.

Another important role in this cooperation will be played by Austria-based PROMTECH technical consulting, which will represent the Ulyanovsk region in Austria and other European countries, serving as the main contact for all European companies and investors as well as coordinating and supporting future investment projects at all stages.

Ulyanovsk, situated on the Volga river in the European part of Russia, is well on its way to becoming home to a leading automobile manufacturing cluster. It was for this express purpose that the Ulyanovsk Region Development Cooperation, which is 100% state-financed, was founded in 2009.

Today, the region boasts approximately 1.3 million inhabitants and functions as a modern industrial location that is home to automotive and aerospace manufacturers.