"SinoQuant" will build a plant of household appliances near Voronezh for 600 million rubles
SinoQuant intends to invest 600 million RUB in the construction of an assembly plant for household appliances in the Center special economic zone in the Voronezh Region. Implementation of this project will create more than 600 high-performance jobs.
"SinoQuant will become the fifth resident of the Special Economic Zone. The company specializes in contract production of liquid crystal TV sets under well-known brands Dexp, Xiaomi, Supra, Akai, Hyundai, Bbk, Fusion and others, as well as components for them by orders of domestic and foreign partners. Electrical equipment is supplied to large federal specialized retail chains. Currently, the investor's facilities are located in Zelenograd near Moscow (two lines with a capacity of 1.5 thousand TVs per shift, employing 220 people) and Voronezh (two lines for 2 thousand TVs and 450 people).
The expansion of production in the Voronezh Region is planned within the framework of localization of production of the main components of household appliances in Russia. This will allow the investor not only to reduce the cost of finished products, but also to increase the stability of business taking into account fluctuations in consumer demand.
By 2022, SinoQuant plans to build a production complex with the total area of about 30 thousand square meters in the Center. It is about production of over 1 mln LCD TVs per year. The Voronezh site of the company will grow almost four times.
At the meeting of the Expert Council for Industrial Production and Technology Innovative Special Economic Zones of the Voronezh Region, which was held online on June 19 by Governor of the Voronezh Region Alexander Gusev, the investor's application for the status of a resident of SEZ "Center" was approved.