22 December 2016
Supervisory Board of Vnesheconombank approved the Project of construction the textie grade PET plant in the Ivanovo region

On 21 December, Vnesheconombank's Supervisory Board approved the Bank's strategy to 2021. According to it, the Bank is to focus on five core priorities:

✓ financing high value added manufacturing projects;

✓ developing infrastructure;

✓ supporting non-commodity export;

✓ contributing to the use of defense technologies in civil manufacturing;

✓ backing innovation and projects under the National Technology Initiative.

During the meeting, the Supervisory Board considered Vnesheconombank's participation in the Ivanovo Region Polyether Plant Project. The total project value is over RUB 25 bn, it is aimed at import substitution in the consumer goods industry. The project is implemented in Vichuga, a single industry town. The capacity of the plant is expected to reach 175,000 tons of polyester fiber per year and 30,000 tons of polyester chips per year.

Source: veb.ru