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New Production Opens In Vologda
October 13, 2017 15:42


 Special Bearings Plant in Vologda opened a new production line specializing in manufacture of import-substituting high-precision and low-noise bearings. The project was implemented with the support of Industrial Development Fund and MSP Corporation. The Governor of the Vologda Region, Oleg Kuvshinnikov, the Director of Industrial Development Fund, Roman Petrutsa, the Deputy Director of MSP Corporation, Natalia Korotchenkova, and the General Director of Vologda Special Bearing Plant, Alexander Golodets took part in the opening ceremony of the enterprise, held on Friday, October 13.

The planned production capacity will be released in 2018. The total investment amounted to 2.7 billion rubles. The project was supported by the Investment Lift mechanism.

The Industrial Development Fund provided the company with a targeted loan of 500 million rubles on preferential terms.

Moreover, as part of MSP lending program, VTB opened a credit line for the plant in the amount of 960 million rubles under the guarantee of MSP Corporation.


Author: Anna Dorozhkina


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