Monocities Development Fund (related to VEB.RF) will grant a loan of 240 million rubles to Nizhnekamsk company Smart Machines, which manufactures industrial refrigeration equipment, according to the website of the fund.

"Thanks to the Fund's support, high-tech production of refrigeration equipment will be created in Nizhnekamsk. Already the first phase of the investment project will give the city 300 new jobs. We want to focus on young personnel, we even have our own training program for high-class specialists. In the future it will give the opportunity to increase the staff up to 1000 people, "- the director of "Clever machines" Jury Svetlichnyj has declared.

With the obtained funds the company will buy the equipment for the production of one-door and two-door refrigerated cabinets. The future production volumes will grow to 30 thousand refrigerators per year, and the total value of the investment project will exceed 470 million roubles.

The company "Smart Machines" is the resident of the territory of advanced social and economic development "Nizhnekamsk". Earlier, the Fund for monocities development has already funded the construction of the engineering and transport infrastructure facilities to the industrial park for more than 320 million roubles.

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Author: Ksenia Gustova