Production of leather and PVC special shoes will be launched on the territory of the TASED “Chistopol”

Today the application of "Shoe Company Bars" Limited Liability Company on implementation of an investment project on the territory of advanced social and economic development "Chistopol" was approved A joint meeting of the Investment Council of the Republic of Tatarstan and the Commission for consideration of applications for conclusion of an agreement on implementation of activities on TASED “Chistopol” was held in the House of Government of Tatarstan under the chairmanship of the Prime Minister of the Republic of Tatarstan, Aleksey Pesoshin. The Minister of Economy of the Republic of Tatarstan, Farid Abdulganiev, took part in the meeting of the Commission.

At the meeting of the Commission, the application of “Shoe Company Bars” OOO for implementation of an investment project on the territory of advanced social and economic development “Chistopol” was approved.

The total cost of the investment project “Production of leather and PVC special shoes” will be 106.1 million rubles, including own funds (foundations, depreciation) - 32.7 million rubles (31%), loans from related organizations – 73.4 million rubles (69%). The volume of capital investments will amount to 96.0 million rubles (including VAT), including during the first year after inclusion in the register of residents of TASED will amount to 60.5 million rubles (including VAT).

The source of financing of capital investments are own and borrowed funds.

During the project implementation 80 new jobs will be created. As of today, supplies to a number of regions of Russia are already established. Currently there is no such production in Tatarstan. The project development strategy is calculated until 2024. It is expected that in 2019 the production of three types of footwear will be launched - from leather, PVC and EVA.

This project was approved by all members of the commission.

Press Service of the Ministry of Economy of the Republic of Tatarstan.