Under the situation of the devaluation of the Russian ruble and the economic crisis, the Russian government recently approved a package of actions to support the development of fine chemicals and specialty chemicals industries. Industry insiders pointed out that this may cause major changes in the market pattern of fine chemicals and specialty chemicals that currently rely heavily on imports. Policy Support Industry Development An official spokesman of the Russian Ministry of Industry and Trade said that the Russian government introduced a policy late last year to support the development of domestic bulk chemical producers. The action plan will promote the accelerated development of the specialty chemicals industry. It is reported that Russia’s new support measures will be included in the national strategy of “Development of Russia's chemical and petrochemical industries by 2030â€. The specific measure is to grant interest subsidies for special chemical industry loans and encourage R&D activities. The Russian government also plans to create conditions for the establishment of chemical parks so that companies in the chemical park can carry out the production of the entire industry chain and related products. The new action plan will also impose restrictions on the national procurement of specialty chemicals and fine chemicals so as to promote the development of related domestic industries. At the same time, another project called “Supporting the development of the Russian chemical industry†will establish a special national fund for funding projects in the fields of general and fine chemicals. Priority will be given to those high-tech chemicals that are currently imported from abroad. Product production. The new fund project budget is about 70 billion to 80 billion rubles (about 1.1 billion to 1.25 billion euros). Trying to get rid of import dependence Recently, Russian Prime Minister Medvedev issued an order to establish a special chemical center in Tomsk, Siberia, by the end of 2015. The project was implemented by Russia's Rosetec Corporation and the Russian Ministry of Industry and Trade. Rostec is a Russian state-owned company that specializes in the development, production and export of high-tech industrial products for civil and defense applications. The newly established special chemical center will focus on the implementation of the national plan for fine chemicals and specialty chemicals. Vadim Khozin, head of building materials and product design technology at Kazan State University of Architecture and Civil Engineering, says that the highest demand for high-quality specialty chemicals in Russia comes from the construction industry. To date, most of the demand for specialty chemicals in the Russian construction industry has relied on imports. Products from Germany include Bauchemie, BASF, Bayer, and South Korea’s Samsung. However, insiders said that Russia's imports of specialty chemicals may fall significantly this year, mainly due to sanctions in Western countries, which will provide an opportunity for domestic producers in Russia. Salavat Aminev, chief executive of the Russia Chemical Industry Feasibility Institute, said that although Russia has been working hard in recent years, Russia’s domestic specialty chemicals and fine chemical industries are still weak, with as much as 90% of local market demand still needs to be imported, while domestic producers The market share is still falling. He believes that because of this, the Russian government must issue stimulus policies to encourage some of the leading domestic chemical manufacturers to establish fine chemical and specialty chemical production facilities to meet their domestic market needs. Business is actively working Russia’s major fine chemical producers have welcomed these development plans. According to the Russian Ministry of Industry and Trade, there are currently 40 fine chemical companies that have submitted applications for state support. Rinat Arslanov, partner of JSC Kazan Fine Chemicals, one of Russia’s largest producers of fine chemicals, said that an industrial park will soon be built in Kazan. Six different production facilities will be built in the initial phase and will increase to 12 production facilities in the next few years. Arslanov added that the government of the Russian Federation and the Kazan region will also provide further support for the construction of a new industrial park because of the outstanding environmental friendly advantages of the project. He pointed out that in addition to financial support, enterprises are more urgently needed to design new industry legislative foundations and introduce new standards in chemical production and environmental protection. The Karpov chemical plant, also located in the Kazan region, is one of Russia's leading producers of specialty chemicals. In the second quarter of 2015, Karpov Chemical Plant will build new production capacity for catalysts, plasticizers, adhesives and thinners. Several other companies in the Kazan region are also expected to build new capacity, especially JSC Kvart and Altea. In addition, Khimprom in the Volgograd region will also build a new plant for fine chemicals and specialty chemicals. Aluminium Construction Profiles Window Aluminium Construction Profiles Window,Indonesian Market Aluminum Profile Windows,Aluminium Profile For Window Sash,Construction Aluminium Window Frame FOSHAN WINKAI ALUMINIUM CO.,LTD , https://www.wkaluminum.com