Projects from Tatarstan received approval

31 May 2019, Friday

The Expert Council of the Industry Development Fund (IDF) approved 10 projects from Moscow, Sverdlovsk, Kaliningrad, Novosibirsk regions, Tatarstan and the Perm Krai. The total amount of IDF loans will be RUB 922 million, and the aggregate cost of projects will be RUB 1.45 billion. Two projects were approved from Tatarstan: Karpov Concern (Mendeleyevsk) and Pulp Invest Export (Kazan); in addition, a loan agreement was signed with OOO Tatneft-Presscomposite.

Karpov Concern: with the IDF loan, the enterprise will start producing black toners for use in laser printing equipment of various manufacturers. The company intends to produce more than 1,000 tonnes of products per year.

Pulp Invest Export: with the help of the IDF loan, the company will increase the output of toilet paper and paper towels. The project will double the output of the current product range, to 7.8 million packages of products per quarter, in 10 types of toilet paper and 3 types of paper towels.

In addition, a RUB 25.2 million loan agreement was signed with Tatneft-Presscomposite for the soft financing of the project “Creating a Unified Enterprise Information System through Implementing SCADA, MES, and ERP Systems”.

Based on information from the Industry Development Fund

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