News

The agreement on cooperation between the Government of the Penza Oblast and S7 Group was signed at the St. Petersburg International Economic Forum.

The document was signed by Oleg Melnichenko and Chairman of the Board of Directors of S7 Group, head of Technologies and Motors LLC Yevgeny Yelin.

Technologies and Motors LLC intends to invest over 2.5 billion rubles in the development of a Penza enterprise.

"This is a new project for the Penza Oblast," the governor stressed. We have agreed to expand the production for the aircraft industry on the basis of the Penza "Special Design Bureau of Turbochargers". I am confident that our work will be fruitful."

The project will create at least 65 new jobs. The main goal is to provide the necessary components for domestic manufacturers.

"It is especially important for us to support the market with a sufficient number of components necessary for the industry. In this regard, it is very important that the Penza Oblast has created the necessary investment climate that is convenient for private companies, which will allow both to provide the market and open up new jobs," commented Yevgeny Yelin, Chairman of the S7 Group Board of Directors.