The ministry of economic development of Chelyabinsk region and MMK-Metiz have concluded an agreement on the “Modernization of metal wares manufacture” project aimed at producing 39 billion rubles worth of wares by 2025.
Under the contract MMK-Metiz will invest not less that 2.9 billion rubles into the project, produce and sell at least 39 billion rubles worth of wares and pay 2.8 billion rubles of taxes to all budget levels.
In particular, investments into fasteners will amount to 0.4 billion rubles, high-carbon wire and rope – 1.9 billion rubles, and round stock – 0.6 billion rubles. (Ukrainian metal)