A new shoe factory will be built in Cherkessk (Karachay-Cherkessia), the first phase of the enterprise is planned to be launched by the end of this year.
“Attracting investors is one of our global goals. And we are already starting to implement some of our projects. For example, today work is already underway to design the construction of a large modern enterprise in Cherkessk - a shoe factory for Obuv Rossii, - the mayor of Cherkessk Ruslan Tambiev told Interfax-Yug.
According to him, new Italian-made equipment has already been ordered for the factory, Interfax reports.