Iran’s Golrang Industrial Group Investing US$15.5 million In Astrakhan Plant

Roza LLC, a subsidiary of Iran’s Golrang Industrial Group, is investing in a household chemicals plant in the Lotos Special Economic Zone (SEZ) in Astrakhan. The SEZ stated in a press release that “As of November 1, 2025, the overall amount of investment in the project totals ₽1.25 billion, with production planned for 2027. The construction of the plant is now underway. The plant will create 120 manufacturing jobs, with 44 already working.”

The plant has a design capacity to produce more than 9 million liters of product per year. The first phase was initially supposed to be finished in 2024, but completion was pushed back to 2025 and then to 2026 due to sanctions problems.

The plant will manufacture shampoo, shower gel, liquid hand soap, dishwashing liquid and other cleaning products, including under Iranian brands. The plant’s main customers are expected to be wholesalers and retailers, as well as cleaning companies throughout Russia.

Iran has a Free Trade Agreement with Russia via the Eurasian Economic Union, making it easier for bilateral trade and investments such as this one to take place. Astrakhan is the nearest Russian port to Iran, with direct access across the Caspian Sea. With Western competition having exited the Russian market, other MNCs are eyeing opportunities. The Russian household cleaning market is estimated to be worth a total of about US$6 billion, with a growth rate forecast of over 7% per annum to 2033.