On November 13 Tatarstan President Rustam Minnikhanov took part in solemn foundation stone laying ceremony at “3M Volga” production complex at Special Economic Zone “Alabuga”.

Russian Deputy Minister of economic development Oleg Saveliev, Director General of ZAO “3M Russia” Timothy Allen Koenig took part in the event.

Anticorrosive materials, scotch tapes, abrasive materials, glass hollow microspheres that are used in oil and gas production that have been used by Russian oil and gas operators for 20 years will be manufactured at “3M Volga” plant. The plant’s produce will be sold in Russia and exported to CIS countries.

Director General of ZAO “3M Russia” Timothy Allen Koenig said that an American diversified company 3M has been invested 30 mln dollars in the plant at SEZ “Alabuga” for three years.

The plant at SEZ “Alabuga” will become the second 3M enterprise in Russia.