Discussed significant financial endeavor in the Lower Tagil region with National Energy Corporation by Denis Pasler
Modernization of Nizhny Tagil Metal Construction Plant to Boost Regional Economy
The Nizhny Tagil Metal Construction Plant, one of Russia's largest producers of steel metal constructions, is undergoing a significant modernization project aimed at increasing its production capabilities. This expansion includes upgrades to infrastructure and technology to handle larger volumes and more advanced manufacturing processes.
The modernization involves increasing the plant's capacity, installing advanced handling equipment, and upgrading infrastructure to support heavy industrial and defense manufacturing output. Notable objects constructed by the plant include the Vostochny Cosmodrome, the Olympic stadium "Fisht," and the reconstruction of the blast furnace complex of EVRAZ NTMK.
A major investment project is currently underway, involving the comprehensive modernization and reconstruction of production facilities, with an investment of around 3 billion rubles. The project is expected to increase metal construction production by 15-20% to 50,000 tons per year.
Regional support in Sverdlovsk Oblast for this modernization likely includes logistical coordination, infrastructure investment, and economic incentives to sustain industrial cluster growth surrounding the plant. This support is expected to improve transport logistics, customs facilitation, and integration into national and international supply networks, potentially contributing to the further development of the regional economy.
Governor of Sverdlovsk Oblast, Denis Pasler, has instructed the Ministry of Investments and Development of Sverdlovsk Oblast to find optimal support tools that would allow dynamically developing companies to receive tax preferences. The project is being discussed between Governor Pasler and Alexander Korehev, General Director of National Energy Company, and is under the supervision of the Sverdlovsk Oblast Agency for Investment Attraction.
Alexander Korehev expresses optimism about expanding production capacity at the Nizhny Tagil Metal Construction Plant in the Ural region. The success of the project would contribute to the further development of the regional economy, creating new jobs and strengthening the regional economy, as previously commended by Denis Pasler. Over 300 regional and federal support measures are available to businesses in the region, offering a conducive environment for growth and development.
[1] Source: Investment.sverdlovsk.ru [4] Source: Tass.com
The modernization project of the Nizhny Tagil Metal Construction Plant, a key player in Russia's industrial sector, includes finance-backed upgrades to better handle larger volumes and advanced manufacturing processes, which are vital for heavy industrial and defense production. With the aim of increasing output by 15-20%, the plant will invest around 3 billion rubles into its business operations, as supported by regional economic incentives and logistical benefits.
