The raw material for the paints will to a considerable extent come from Russian producers. But there are some ingredients which are not produced in Russia and will have to be imported.
Most of the paints produced by Teknos are for industrial purposes. They account for 75% of the turnover. As a result of the factory starting up, Teknos calculates that its market share in powder paints will rise to 15% and in liquid paints to 10%. The increase in production capacity will make it possible to export these products to the CIS countries, in particular to Kazakhstan and Belarus.
The Teknos Group is a major Finnish producer of paint and lacquer products, with an EBITDA figure for 2013 of €35,000,000.
The company is represented in Russia by the Moscow OOO Teknos (sale of paints for industrial purposes) and by two factories in St. Petersburg: OOO Teknos-Okhtek (powder paints with brand name Okhtek) and OOO Teknos Deco (architectural, constructional and household paint and lacquer products with brand name Komandor). The output capacity of each of the St. Petersburg enterprises will be up to one thousand tons of paint and lacquer articles per annum. When the new factory comes into use, these production capacities will be transferred to its site.
There are about 600 Finnish companies working in Russia altogether, employing about 50,000 people. The approximate combined Finnish investments in Russia are estimated to total 14 billion euros.
More than half of these investments are from the power generation concern Fortum, which has its main activities concentrated in Tyumen and Chelyabinsk oblasts. The major Finnish companies operating in Russia have a turnover of Russian business exceeding 30% of their total international business.
The biggest Finnish investors in Russia are: Fortum, Itella, Kesko, Kiilto, Metsäliitto Group, Neste Oil, Nokian Tyres, Nordea, Oriola, Paulig, Paroc, S Group, Stockmann, Stora Enso, UPM, Valio, Wärtsilä and YIT.
Full text of article in Russian here.