The import of nails to Russia is due to the fact that in the 90s it became more profitable and cheaper to buy nails in China, he explained report Marina Fytova, RBC general manager of Lemana PRO (formerly Leroy Merlin).
According to him, at the end of the 20th century in the Russian Federation, industry was in decline, many production facilities were closed, and some factories had obsolete equipment. Therefore, it was “not economically feasible” for us to produce the nails ourselves.
Fatova noted that serious investments are needed to avoid being 100 percent dependent on imports, but it will be difficult to replace foreign nails and hardware.
“Two factories are closing in China for twice the global consumption of these goods. “So you can build your own facility on a global scale, but there is no economic feasibility in this: it is difficult to invite someone to invest when the entire global demand is already covered by twice the volume,” he explained.
In April 2022, Speaker of the Federation Council Valentina Matvienko at a meeting of the upper house of parliament statedIt was a discovery for him that Russia imported nails even though there was metal production in the country. After that, General Director of Severstal Management JSC Alexander Shevelev in a conversation with socialbites.ca rejected Information that nails need to be purchased. According to him, 77 percent of the nails on the Russian market are produced domestically, only 23 percent are imported. Matvienko at the Ministry of Industry and Trade objectedThat the Russian Federation produces nails “in sufficient quantities” – up to 2.5 thousand tons per month. However, the then Commissar of the President of the Russian Federation responsible for the protection of the rights of entrepreneurs Boris Titov explainedbusiness conditions force us to purchase metal products in China instead of producing them in Russia.
Previously Minsk Winery rejected from supply to Russia, where their products are called “smurdyak”.