Voltyre-Prom plant, resident of the Volgograd Region, controlled by U.S. Titan International is to produce Goodyear large-size tires for agricultural equipment, which are primarily intended for export, a spokesman of the Industry Development Fund (IDF) at the Ministry of Industry and Trade said to Vedomosti. The IDF Expert Council approved for the project RUB45.3 million of preferential loan at an annual interest rate of 1 per cent, to mature in 2023. Another loan amounting to RUB19.4 million at preferential iterest rate of 1 per cent per annum will be granted to Voltyre-Prom by the Perspective Development Fund of the Volgograd Region.
The American company Cargill opened the oil extraction plant worth $250 million on Wednesday in the town of Novoanninskiy in the Volgograd Region, reports the TASS correspondent.
The Russian Direct Investment Fund (RDIF), the sovereign wealth fund of Russia, Japan’s Marubeni Corporation and AEON Infrastructure Corporation announce an agreement on the key terms of the project for the construction of a methanol production unit and chemical plant in Volgograd. A corresponding agreement was signed today in the presence of the Russian President, Vladimir Putin and the Japanese Prime Minister, Shinzo Abe at the Eastern Economic Forum.
The American company Cargill will launch production of sunflower lecithin on the basis of its oil extraction plant near Volgograd in 2019, the cost of the project is 500 million rubles, as TASS was informed by the company.
The Russian Direct Investment Fund (RDIF), the Japanese conglomerate Marubeni Corporation and the Russian infrastructure Corporation AEON signed an agreement to agree on the terms of financing the work on the creation of a chemical cluster in Volgograd. This was reported on Monday by the RDIF press service.
Indian company will invest 1.1 billion rubles in the Volzhsky abrasive plant. On August 16, the head of the region discussed modernization and development of the Volzhsky Abrasive Plant with Mutia Murugappan, Murugappa Group Chairman.