New loans approved by IDF for implementing projects in Tatarstan

26 December 2019, Thursday

At the final meeting of the Expert Council of the Industry Development Fund, a number of loans were approved for the implementation of projects in Tatarstan.

With the aid of a RUB 500 million loan, Coşkunöz Alabuga will launch, in the territory of the SEZ Alabuga, a workshop with progressive and transfer stamping lines for import substitution of stamped parts for car chassis of AutoVAZ and other automakers. These parts are intended for the new unified platform of Lada and Renault cars. The project involves the introduction of new technology for stamping chassis, axles, and suspension parts on progressive and transfer stamping lines, as well as an arc bending technology.

The Plant of Brake Mechanisms from Naberezhnye Chelny will expand, using a loan of RUB 104.5 million, the production of brake pads for trucks. The company will acquire equipment that would make it possible to manufacture brake pads with a special cataphoretic coating. It is resistant to physical and chemical impacts and lasts eight times longer compared to traditional coatings.

The company intends to export about 15% of its products to European manufacturers of truck components, and sell them as spare parts in the secondary market. The remaining products are planned to be sold on the Russian market.

Based on information by IDF press service

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