The Council approved the FER loans for 1.16 billion rubles on import substitution

The Council approved the FER loans for 1.16 billion rubles on import substitution


Fund approved loans to the Moscow company “Altamoda” in the amount of 163 million rubles, the company “Altai Khimprom”- 300 million rubles, the company “RUSAL Sayanogorsk”- 500 million rubles, and JSC “Tyazhpressmash” in the amount of 200 million rubles”, the press service of the Ministry.

MOSCOW, 7 Dec. The expert Council of the Fund of industrial development (FER) of the Ministry of industry and trade has approved borrowing a total of 1,163 billion rubles for the implementation of the four import-substitution projects, reports the press service of the Ministry.

“The Fund approved loans to the Moscow company “Altamoda” in the amount of 163 million rubles, the company “Altai Khimprom”- 300 million rubles, the company “RUSAL Sayanogorsk”- 500 million rubles, and JSC “Tyazhpressmash” in the amount of 200 million rubles”, — stated in the message of the company. It is clarified that the total cost of four new projects of the Fund will amount to 5.3 billion rubles.

According to the Foundation, the Moscow company “Altmedia” plans to occupy up to 25% of the Russian market of defibrillators for use in public areas and ambulances. About 100% of the Russian market in the production of halothane and sevoflurane to increase the speed of transportation of oil intends to cover the company “Altai Khimprom”.

The company “RUSAL Sayanogorsk” plans to introduce high technology to produce aluminium of its own design. Up to 20% of the Russian market for the production of equipment for hydraulic fracturing in oil production by 2020, surpassing foreign company is going to take “Tyazhpressmash”.

The industrial development Foundation was founded in late 2014 on the initiative of the Ministry of industry and trade through the conversion of the Russian Fund of technological development for the modernization of Russian industry, the establishment of new industries and ensuring import substitution. The Fund offers preferential conditions of co-financing of projects aimed at the development of a new high-tech products, modernization and creation of competitive productions.

For projects the Fund on a competitive basis, grants loans with 5% interest rate for up to 7 years in the amount of from 50 to 700 million rubles, stimulating the inflow of direct investments into the real sector of the economy.