OREANDA-NEWS.   The Bank of Moscow and New Fitting Technologies, OJSC have signed two loan agreements for 1.4 milliard roubles in Perm to finance an investment project: "Construction of a pipeline fittings factory in Tchaikovsky city in Perm Region". The documents was signed by Alexander Yastrib, the First Deputy President-Chairman of the Board of Directors of the Bank of Moscow, and Dmitry Birkovsky, the Financial Director of New Fitting Technologies, OJSC".

The aim of an investment project is to create an enterprise to manufacture pipeline fittings (PLF).

The factory will produce a wide range of products, required for the construction of pipelines and compressor stations. The work of the factory will be focused primarily on the needs of oil and gas and energy sectors.

Overall capital expenditure for the project will be about 3 milliard roubles, the production capacity of this planned plant will be up to 11.5 tons per year. Number of new workplaces will be of about 1,000 positions.