Import of Machinery & Industrial Equipment to Russia
The Russian demand for Western production equipment,
- Needs of modernization of the current equipment are high, investments in new production lines or equipment upgrades are announced frequently
- Industrial Production Index in Russia was up 3,7% in November 2018 (y/y), which confirms the progressive return to growth of the Russian manufacturing sector since 2017
- Competition from Asian countries is increasing; proximity to customers and high reactivity are important differentiation factors
Regions such as Nizhniy Novgorod, Samara, Yekaterinburg and Novosibirsk present a substantial business potential for manufacturers active in the mechanical, electrical and metal industry.
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