Industry Development Fund to allocate almost 300 million rubles for production of pipe section

At the last meeting the Advisory Council of the Industry Development Fund to (IDF) of the Russian Ministry of Industry and Trade has approved the regular pool of loans to the total amount of 949 million rubles for creation of three import-substituting industries. The total cumulative cost of the projects, supported by the IDF, reached 21.6 billion rubles.

Among the borrowers is the company Metaklei (Karachi, Bryansk region), which plans to produce corrosion-resistant polymer monolayer coating for section of large diameter steel pipes for the needs of the oil and gas industry. Domestic polyethylenes are used domestically for the production of coating material.

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