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95.6 bilion roubles to be provided for co-financing of three investment project in Kuban

The expert council of the Industrial Development Fund of the Krasnodar Krai will provide 95.6 bilion roubles for the equipment of a new manufacture producing food equipment in Timashevsk as well as the projects of the producer of herbal medicinal products in Anapa and food industry enterprises in the Dinskaya district. This was reported by the Press Service of the Administration of the region.

 Timashevsk-based «Ferroll» company that produces metal cisterns, reservoirs and containers for food industry will receive 34.4 million roubles at 0,1% interest as part of the «Import substitution» program. The enterprise is going to use these funds to equip a new complex where high-technology equipment for the processing of fruit and vegetables and production of fruit and vegetable juice will be manufactured.

«Phitofarm» from Anapa will receive 50 million roubles at 1% interest during the first two years and 2% interest for the remaining period as part of the «Development projects» program. The producer of herbal medicinal products will use this sum to purchase granulation lines and herb processing lines as well as raw and production materials.

As part of the «Food industry worker» program, another loan for 11.2 million roubles will be provided to an individual entrepreneur producing ready meals. With this support, he will increase production capacity and broaden the range of products.