A new fiberglass mesh manufacturing enterprise has been opened in the town of Pereslavl-Zalessky in Russia’s Yaroslavl Region, with investments in the project totaling over RUR 175 mio ($2.5 mio).
The enterprise will produce fiberglass mesh, special material commonly used in the construction industry, including for reinforcement of rolled roofing and heat insulators.
Importantly, the assistance from Russia’s Ministry of Industry and Trade was essential to implement the investment project, with about one third of the cost of equipment required for fitting the production line provided through a direct state subsidy.