The Investment project of the Vologda region for the first time was included in the list of priority projects of the Ministry of Industry and Trade of Russia

In this list is the project of the one of the Vologda companies, which provides the construction of a plant for the production of high-precision bearings.

Thanks to the assistance of the Government of the Vologda region, economic development Department, Development Corporation of the region in the framework of the State program of the Russian Federation "Development of industry and the guarantee of its competitiveness", the company will receive subsidies from Federal budget for compensation of part of expenses for payment of percent on credits for the realization of this project.

"The uniqueness of the project that the plant will produce high-precision bearings for the aeronautical equipment, machine tool industry and atomic power energetics, low noise bearings for electricity generators and shipbuilding. Among the strong points of the project are the most progressive technological processes of the world bearing production and no negative environmental influence," said Deputy Governor Alexei Kozhevnikov.

After the launch of the project will be output of 600 nomenclatures of bearings worth more than $ 800 million a year and will be created 248 new jobs.

The realization of the project of the company on the territory of the Vologda region is necessary for the structural transformation of the engineering industry of the region, which will ensure the implementation of state policy - import substitution in the production of new product – high precision and low noise bearings.

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Vologda Region Development Corporation (OJSC)
Gertsen st.27, Vologda, Russia,
Phone: +7 (8172) 56-12-52, 56-21-03, 56-21-04

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