The Chinese will grow and process ginseng in Altai

The Chinese will grow and process ginseng in Altai

In the spring of 2015 the Chinese company Bing Han will start to grow "Imperial Ginseng" in Chemal.  In the Altai region, the company is going to build its first factory for processing plants in Russia.

Complex for growing and processing will be cost $ 100 million. In 2015, Bing Han International will begin to grow ginseng in the Altai Republic, and in the Altai region it will process ginseng and produce medicinal tinctures, - informed the Chairman of Bing Han Narek Sirakanyan to "Capitalists". According to him, the Chinese company is ready to invest in Russia and create work places here "against the background of improving relations of both countries."

 “We're going to grow ginseng in Chemal”, - said Sirakanyan. “There's a congenial climate, besides, this territory is included in the special economic zone of the region, that’s why it has well-developed infrastructure that was important to us. For example, we can grow the plant in the taiga, but without the necessary communications and facilities it would be a very expensive project.

 Bing Han will grow ginseng for six years, after that they will begin to produce medicinal tinctures from plants”.

“We are going to build processing plant in the Altai region, possibly in Barnaul”, - said Sirakanyan. “We are not in a hurry with the construction, because ginseng will grow for six years, and a good plant can be built in 14-15 months”.

Altai ginseng processing plant for the company will be the first plant for Bing Han in Russia. Now, according to Sirakanyan’s words, the company produces tinctures from plants only in China and Taiwan.

Bing Han will create 500 work places. According to management plans, about seven years, the company will bear losses. After this period, the company will pay for itself. Estimated turnover of the company did not specify. The company plans to promote tinctures, which will be made in the Altai region, in Indonesia, Malaysia, USA, Canada, Singapore and other countries, and also in Russian regional markets.

The Chinese company, Bing Han International already grows ginseng and produces tincture of this plant in China and Taiwan. The company has offices in almost a dozen countries around the world.

By Online magazine “Capitalist”

 


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Altai Krai Chief Administrative Department of Economics and Investments
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