Tensar International is building a manufacturing plant in Russia. Tensar is the majority shareholder in the joint venture, with remaining investment coming from Russian partners. Don Meltzer, chief executive of US parent company, Tensar Corporation; and Bob Vevoda, chief operating officer and president of Tensar International; met with their Russian JV partners in London earlier this month to finalise the funding and construction schedule.
The significance of this year’s Bauma China exhibition in Shanghai has been highlighted by new figures showing that China invested US$220.27 billion (RMB 1.346 trillion) in civil engineering and infrastructure projects in the first six months of 2013 – with the National Bureau of Statistics of China claiming a year-on-year increase of more than 21%.
The largest share of H1 2013 investment went into road-building, with Bernd Schaaf of Germany Trade & Invest (GTAI), Germany’s economic development agency, rep
