07th September 2015
Amid the ongoing economic decline in Russia, the Russian government is considering providing additional state support to its domestic producers of technical textiles and nonwovens.
According to an official spokesman for Denis Manturov, Russia’s Minister of Industry and Trade, the funds will help producers to complete currently implemented projects and to launch new ones.
Denis Manturov, Russia’s Minister of Industry and Trade, responsible for development of technical textile industry in the Russian government.
According to Alexander Alabichev, deputy head of the Tambov regional government, the planned support will be provided in the form of subsidies from the federal budget that will be mostly allocated for the coverage of interest rates on loans, provided by banks.
The amount of state support is not disclosed. There is a possibility that the support may be provided to some other Russian leading producers of technical textiles and nonwovens, such as Kotovsky Plant of Non-Woven Materials, one of Russia’s largest producers of nonwovens and some others.
In addition to producers, part of the funds will be invested in the implementation of some infrastructure projects, and in particular in the establishment of so called Technopark of textiles and technical textiles industry, which is a new large research and production center that will specialize in the design and manufacture of new products in the field of textiles and technical textiles.
The new industrial park will comprise of a business centre, a business park, a business incubator, a centre of technical competence, an information centre, a laboratory centre and other infrastructure. It will be located in the city of Pikalevo in the St. Petersburg region and is expected to be commissioned in 2017.
Yaroslav technical textiles plant, one of Russia's largest producers of technical textiles.
According to an official representative of the Russian Ministry of Industry and Trade, part of the funds will be also invested in the technical modernization of the national industry of technical textiles and nonwovens, as the share of outdated equipment in it remains very high.
In the meantime, according to results of the recent meeting in the Russian government, dedicated to the problems of the national technical textile industry (headed by Russia’s Prime-Minister Dmitry Medvedev), the current condition of the Russia’s technical textiles industry remains relatively good. According to an official spokesman of Dmitry Medvedev, the current economic crisis in Russia, and the devaluation of the national currency – the ruble, caused by Western sanctions, has not resulted in a same decline, which is currently observed in the national textiles industry.
There is also a possibility that part of the allocated funds will be invested in the implementation of one of the most ambitious projects in the Russia’s technical textiles industry in recent years, which involves building a large plant for the production of fibre for the national technical textiles and nonwovens industry in the Ivanovo region.
This article comes from Innovation In Textiles edit released