Greif announces further expansion plans for Russia

The industrial packaging specialist will invest in a new steel drum production plant

Greif, the specialist in industrial packaging products and services, has announced its planned investment in a new steel drum production plant in Russia.

Situated 80 km south west of Moscow in the fast-developing region of Kaluga, the plant will be Greif’s seventh steel drum production facility in Russia, and the largest of its kind in the country.

Equipped with the latest steel drum manufacturing technology, the new plant located on Vorsino Industrial Park will cover an area of 6000 sq m and is expected to create 50 new jobs. The central region of Russia was chosen because of its advantageous geographic location within the Moscow transportation hub and proximity to several of Greif’s key customers.

The new facility will feature an automatic steel drum line with a capacity of two million units per year. Additionally, in response to continued market growth, a further investment in the Vorsino site is planned for early 2019 with the launch of Greif’s second IBC line in Russia (after Kazan).

Konstantine Savinov, General Manager of Greif Russia, said: “The opening of a brand new hi-tech facility in the central region further strengthens Greif’s leading position in the Russian industrial packaging market, which we have operated in for the last 25 years.”

“It will allow us to better serve our existing customer base by offering greater flexibility, reduced lead times and lower transportation costs, whilst also allowing us to secure new contracts in this rapidly growing market," said Savinov.