The expert council of the Industry Development Fund has approved of 5 loans for projects in Samara, Kirov, Bryansk and Krasnodar regions. The total cost of the projects exceeds 1.1 billion rubles, with IDF providing over 675 million rubles.

In particular, Unecha Works of Refractory Metals (Bryansk region) will be provided with the loan of 500 million rubles.

The company intends to create a hydrometallurgical manufacture of tungsten oxide, ferrotungsten and molybdenum oxide.

This is an import-replacing project, as Russia does not produce molybdenum oxide.

The company intends to cover up to 71% of imports. (Ukrainian metal)


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