Good News from Mon, 05 March, 2012:

Industrial park under construction near St.Petersburg promotes eastern trade

The aim of the IPEM project is to make it easier for SMEs to gain a foothold in the Russianmarkets. The aim of the IPEM project is to make it easier for SMEs to gain a foothold in the Russianmarkets.

An industrial park called Industry Park East Management (IPEM), catering for small and medium-sized Finnish engineering and metal companies, is being established in the vicinity of St. Petersburg. Tekes (the Finnish Funding Agency for Technology and Innovation), Konecranes and Rautaruukki are partners in the project.

The park is located in Vsevolozhzk, around twenty kilometres from St. Petersburg, and construction is due to be completed during 2013. All of the park’s operations are under the management of its Finnish owners.

— The Finnish SME sector needs to become more international in order to stay competitive – and trade with Russia holds a great deal of potential. Our project will enable a safe and controlled shift to the eastern markets, says Martti Huttunen, Managing Director of the IPEM project.

The aim is for IPEM’s client companies to employ some 600 people by the year 2016.

The goal of the project is not to transfer jobs to Russia. Instead we wish to enhance the opportunities of SMEs to operate in the increasingly competitive international playing field, explains Stig Gustavson, Chairman of the Board of both IPEM and Konecranes.

The industrial park offers four different services that will help SMEs gain a foothold in the Russian markets: the preliminary plan outlines the preconditions for business operations, the real-estate service offers companies premises, the business start-up service takes care of finance and HR management, as well as legal affairs, and the support network service offers contacts to stakeholder groups and decision-makers.

The park is the first of its kind and the aim is to construct similar ones throughout Russia. The concept could also be implemented in Ukraine or Kazakhstan.