The city of Izhevsk entrepreneur Alexei Isupov and the Industrial and investment complex Vector (Crimea, annexed by Russia) have signed an agreement to create the Izhevsk foundry works Vector.
The new company will process aluminum for Crimea.
Investments will total 70 million rubles. 50 jobs will be created.
The Izhevsk party will prepare the manufacturing site, while the Crimean will supply the equipment. The company will process scrap and produce dishware. The first products will be manufactured in 2018. (Ukrainian metal)