The investment project “TESK” has been approved for inclusion into residents of Priority Social and Economic Development Area “Naberezhnye Chelny”

The investment project of LLC “TESK” “Organization of production of linear pendant fittings for air distribution networks with a self-supporting insulated wire” has been approved for signing an agreement on implementation of activities in the Priority Social and Economic Development Area “Naberezhnye Chelny”. The decision was taken after a regular meeting of the Commission for considering applications for signing an agreement on the implementation of activities in the Priority Social and Economic Development Area “Naberezhnye Chelny” which was held today.

The Minister of Economy of the Republic of Tatarstan – Mr. Artem Zdunov specified, that this project was considered as an import-substituting with a considerable export potential. The project is aimed at setting up the production facility for manufacturing products with a higher value-added level. The volume of the Russian market of linear pendant fittings for Steel Insulated Wire can be evaluated as 4 bln RUB. At that main suppliers of raw materials and materials are from Russia, including the Republican manufacturers “Nizhnekamskneftekhim” and “QUART”.

The investment project of  LLC “TESK” is focused at arrangement of production of linear pendant fittings for air-distribution networks with a self-supporting insulated wire with a voltage of 0.4 kV in the Priority Social and Economic Development Area “Naberezhnye Chelny”.

The linear pendant fittings for a self-supporting insulated wire - is a set of devices, enabling to support wires of the overhead transmission and distribution electric networks in the required tension.

The scope of capital investments within the framework of realization of the investment project will amount to 125.7 million RUB (without VAT). The own and the borrowed funds are envisaged as the sources for funding capital investments.

It is planned to create not less than 36 work places in the course of the project implementation.

A favorable investment climate in the region, the possibility of using a preferential tax regime (for Priority Social and Economic Development Area), high sufficiency of qualified personnel in the region, as well as the availability of modern production facilities for rent have become the prerequisites for LLC “TESK” for setting up the production facility on the territory of the Republic of Tatarstan