Dutch company to invest in engineering facility in Astrakhan Reg

ROSTOV-ON-DON, Jan 9 (PRIME) -- Dutch IHC Holland is ready to invest in a facility to produce components for dredging equipment at the Lotos special economic zone in Russia’s southern Astrakhan Region, the regional economic development ministry said on Monday.

The authority said that in 2017 United Shipbuilding Corporation (USC), owning the Lotos Shipbuilding Plant, and IHC Holland signed an exclusive memorandum of intent to design and produce dredging equipment for the local market.

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