“Bars shoe company will open the production of special work shoes, which will be made of leather, polymeric materials and foamed rubber. The volume of investments in the project for the construction of a new production is estimated at 134,5 million rubles, writes Kommersant.
The company plans to sell 70% of the factory’s products directly to Russian companies and 30% to sell at retail. They plan to open a new factory in the Chistopol industrial park.
The construction of shoe production was one of two projects for which the Expert Council of the Industrial Development Fund approved a soft loan in the amount of 56,5 million rubles. The FRP provided a soft loan in the amount of 31,5 million rubles to the project for the construction of footwear production, another 13,5 million rubles. will take the Tatarstan Investment and Venture Fund.
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