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Business news, 19.12.2003 11:52

Rawema invests in Saint-Petersburg galvanics

Galvanics laboratory The German Company “Rawema Industrianlagen GmbH,” a metal plating equipment supplier, is ready to allocate funds in order to create a modern galvanic center based on enterprise facilities in St. Petersburg.

The proposal has been basically approved during the official meeting taken place in St. Petersburg between the company’s representatives and Chief of KERPPT Vladimir Blank.

The project of the joint galvanic center is valued at $10-15 million. Resources will be provided as an international loan line “Germes” against the city budget securities. The future center is to meet the needs of St. Petersburg enterprises and to make them cut back their electroplating shops. According to the data of St. Petersburg Industry Support Foundation, one of the project’s initiators, 150 city enterprises have such shops available.

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