Princess opens £20 million British factory
Princess Royal, Princess Anne, unveiled a plaque to commemorate the opening of a new £20 million factory by the British company Tensar.
She ended a two-day visit to St Petersburg by touring the premises and was then joined at the opening by the Governor of St Petersburg, Georgiy Poltavchenko.
This new British investment will bring innovative technology from the UK that will be used to enhance the further development of infrastructure in the region. The plant will produce Tensar’s TriAx® geogrid range used to stabilise road construction over soft soils and optimise pavement design for roads, ports and airfields. It will also produce Tensar’s high strength range of geogrids, with major applications in reinforced soil structures including retaining walls and embankments.
This latest UK investment highlights the strong interest by UK companies in developing their business interests in Russia. The British Consulate General in St Petersburg and UK Trade and Investment colleagues through Russia look forward to supporting the further development of trade and investment between our countries.
