The head of Penetron-Russia, Igor Chernogolov spoke in an interview that manufacturers leave Europe due to decisions adopted in the energy sector. Since they lead to an increase in energy prices. His company also decided to move production from Germany to Russia.

Penetron-Russia is a major production holding. The only supplier with the materials of the Penetron waterproofing system on the entire post-Soviet space.

Also, the company produces:

Holding owns manufacturing enterprises in Russia, Belarus, Kazakhstan and Germany, where the production of injection polyurethane resins has been established.

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The President of Penetron Group Igor Chernogolov said that the company transfers production to Yekaterinburg and Moscow region.

According to him, the release of waterproofing tapes, glue, sealants, epoxy injection compositions will be adjusted.

Previously, this products were made at the factory in Germany.

Such a solution of Chernogolov is due to several factors.

First, weakening the Russian currency. After all, the fall of the ruble is perceived by business as a competitive advantage.

For example, the Turkish currency was weakened by 60% over the past year. There, apparently, the rest of the production will be transferred.

Secondly, Europe's policy in terms of the energy sector.

This includes a ban on new investments from the EU to the Russian energy sector. In addition, the embargo for the supply of certain equipment for the energy sector to Russia. All this leads to higher prices and destructive consequences for production. But industry is always a locomotive of the economy of any state.

We have repeatedly noted this fact in our past articles. The words of the Russian businessman are only a confirmation of the previously nominated assumptions.

It is worth noting that, despite any information noise, which is intended to substantiate political decisions, the business always remains pragmatic and decides on the basis of economic prospects.

Do you think that the current crisis is able to force Europe to change their mind to reduce investments in the mining sector and switch to the "green" energy? Or is this flywheel no longer stop?

# Technology # Science and Technology # manufacturing # industry # Russia # Energy Economy