DENIS MANTUROV, RF MINISTER OF INDUSTRY AND COMMERCE, VISITED ARNEST AO

Russian Federation Minister of Industry and Commerce Denis Manturov visited Nevinnomyssk on June 14 to have a meeting with production plant managers of Stavropol territory and discuss industrial capacity of the region. He also visited Arnest AO as part of the visit.

Stavropol territory governor Vladimir Vladimirov, regional minister of energy, industry and communication Vitaly Khotsenko, Arnest AO president Alexey Sagal and Arnest AO general manager Sergey Popov accompanied Denis Manturov at the factory tour. Factory tour included full production cycle of aerosol products and main production workshops: aluminum can workshop along with reference sample workshop and filling workshop, which annually produces up to 1 million of aerosol cosmetic and household products.

Denis Manturov also visited new production facility #3, where high-speed aluminum can production line was launched in 2018. This line is the latest and most advanced in the industry and is capable of producing up to 50 million cans of most complex shape and design a year. The investment project was supported by the Russian Federation Ministry of Industry and Commerce and Stavropol territory government, with whom the relevant investment agreements were concluded. New lines being installed in the production facility are aimed to provide the package for export projects of the company. Arnest AO is developing dynamically and fells confident about the future. Arnest Group including subsidiaries in Stavropol and Tula territories produces more than 53% of all aerosol products in Russia, 2.4% of worldwide products and 6.6% of European products. Arnest AO is a successful participant of investment programs supported by regional and federal authorities. The company actively develops export line of contract manufacturing since 2015. During 2018 – 2019 the company began exporting to European Union, Singapore, Indonesia and Myanmar. The supply volume to United Arab Emirates and Israel was increased. In the future the company strategy envisages expansion of export to Asia-Pacific and Middle East regions in cooperation with international companies. Arnest AO plans to increase percentage of goods produced for export from 7% in 2018 to 12% in 2019.