Chinese company King Power plans to invest about 2 million dollars in building a battery recycling plant in Irkutsk. The project may become part of cooperation between Irkutsk and Shenyang and, preliminarily, create about 200 jobs. In addition, the Chinese side proposes opening a high tech laboratory in the city, which could be developed together with the Siberian Branch of the Russian Academy of Sciences and Irkutsk universities.
The management of the Chinese company “King Power” intends to invest about 2 million dollars in the construction of a battery recycling plant in Irkutsk. This is reported by the press service of the City Duma.The construction of the plant may become one of the projects implemented within the framework of the sister-city ties between Irkutsk and Shenyang. It is expected that about 200 jobs will be created at the new enterprise.
The Chinese are also proposing to establish a high-tech laboratory in Irkutsk. City Duma deputy Pavel Shaposhnikov noted that this project could be implemented in cooperation with the Siberian Branch of the Russian Academy of Sciences and Irkutsk universities.
“A battery recycling plant is an investment project that will attract foreign capital to Irkutsk,” Pavel Shaposhnikov noted. “We are being offered know-how, production equipment related to high technologies and reducing harmful environmental impact. Therefore, I am ready to make every effort to promote this project in Irkutsk.”