4 Feb '10
Developer Patriot has announced $50m plans to build a large-panel house building factory in Krasnodar region.
The company is reportedly currently choosing between eleven construction sites in Krasnodar and in its suburbs.
The factory’s projected annual capacity is 150,000 square meters of residential space.
Construction is scheduled to begin in late 2010 – early 2011, with the factory to be put into commission in 2012.
Patriot is a part of Inteco group.