Rautaruukki : Ruukki: expanding opportunities for Finnish companies in Russia

17 December 2015

9-10, December 2015 Ruukki participated in Business Forum in Kaluga (Russia), the event was organized to attract Finnish companies to do business in Russia. Main topics of discussion were industrial and investment potential of Kaluga region and business opportunities for Finnish companies in particular. The Forum was organized with governmental support of both Russia and Finland. Hannu Himanen the Ambassador of Finland in Russia and Anatoly Artamonov, the governor of Kaluga region visited the Opening ceremony of the Forum.

Ruukki was one of the Finnish companies participated in the Forum and represented most experienced businesses actively developing on the local market for some years. Among the Finnish business representatives were also companies who wanted to investigate into opportunities of expanding their business to Russia. Advantageous location and favorable investment climate were admired by all the Forum guests.

One of the most important parts of the Forum was presentation of successful investment projects performed in the region, e.g. industrial parks. Also several Finnish companies shared their experience of launching local manufacturing in Kaluga region.

'Ruukki Rus experience of industrial localization in Kaluga region is one of the most successful examples of company's investment projects in Russia. Our global strategy is targeted at significant investments into local business development. Our solution to allocate our production lines in Kaluga region in 2006 was very far-sighted decision. We are glad to be a witness of Kaluga's growing economic success. In 2015 this region has been honored to be known as the third Russian region in terms of volume of external investments, we are planning to strengthen our presence in the region,' - said Oleg Zuenko, Head of Sales in Ruukki Rus.