Nuplex says new business 'insulates' Russian unit from sanction-induced recession

Wed, 04 Nov 2015

By Paul McBeth Nov. 5 (BusinessDesk) - Nuplex Industries' push into Russia has got a new lease of life as three multinational companies look to open plants in the world's 10th largest economy, and as the Russian government tries to encourage local production in the face of recession. The Auckland-based company has invested $10 million building capacity in Russia and has flagged intentions to spend another $30 million to $40 million to expand in what's been seen as a high-growth opportunity. That's hit a speed bump as Russia grapples with...

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