Saturn to acquire new machine tools

10 June 2019, Monday

The Expert Council of the Industry Development Fund (IDF) approved 5 projects in the Tver and Vladimir regions, and in the republics of Tatarstan, Udmurtia, and Mordovia. The total amount of IDF loans will be RUB 652 million, and the aggregate cost of the projects will amount to RUB 1.82 billion.

A RUB 26.5 million loan was approved for OOO Saturn from Tatarstan. Saturn is planning to lease the NH615 Nedschroef cold forming machine allowing the company to produce hardware – screws, bolts, shafts – in complicated shapes. After putting the new machine into operation, the capacity will increase from 40 to 240 pieces per minute.

The main customers of the company are manufacturers of electric locomotives, refrigeration equipment, defence and construction companies, automotive industry. The total project cost is RUB 98.5 million, of which RUB 26.5 million can be provided by the IDF as a loan to pay part of the advance payment under the lease agreement.

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