Two plants in the Perm Territory will attract almost RUR 200 mio ($3.1 mio) in soft loans for the modernization of production.
The local company Sorbent will update the equipment of its production line for activated carbon from raw coal. The project requires a total of RUR 200 mio ($3.1 mio). Half of the investment will be the company’s own funds, while RUR 70 mio ($1.1 mio) will be provided by the federal government, and RUR 30 mio ($471,450), from regional funds.
Another local company, Krasnokamsk Metal Mesh Plant (KZMS), will borrow almost RUR 100 mio ($1.6 mio) of the required investment of RUR 220.5 mio ($3.5 mio), with the bulk provided by the Industrial Development Fund, and 30 mio by the Perm Territory’s Regional Industry Development Fund. The project is aimed at modernizing the production of synthetic and metal meshes.