27 September 2016, Tuesday, 16:55

Bashkir Soda Company will receive co-financing for production modernization

 

UFA, 27 September 2016. /Bashinform News Agency, Olga Murtazina/. The Sterlitamak Bashkir Soda Company (BSC) will receive co-financing from the Industrial Development Fund in the amount of 300 million rubles. This was reported on the Fund website. The loan under preferential five percent per annum is allocated for the project on modernizing column production equipment.

The total cost of the project is 3.8 billion rubles. The company invests in the modernization of more than 700 million rubles of its own funds and attracts 2.8 billion of investment. Modernization of production facilities with more advanced technology will allow keeping the leading position in the market of soda and baking soda, BSC informs.

Also, the Russia's largest chemical industry company produces caustic soda, soft cable compounds, polyvinyl chloride. The BSC became the sixth Bashkir company to receive support from the Industrial Development Fund. Previously, co-financing was allocated for two companies in the city of Oktyabrsky — "OZNA" and "Targin Mehanoservis",  "Gidraulika" in Ufa, R&D company "Stankostroenie" in Sterlitamak and Beloretsk Metallurgical Plant.