OREANDA-NEWS. A ceremony to open a memorial sign to honor the beginning of a methylchlorsilanes plant construction was held in Kazan. In the attendance of the ceremony were Russia's Minister of Industry and Trade Denis Manturov, President of the Republic of TatarstanRuslanMinnikhanov, Vnesheconombank Chairman Vladimir Dmitriev, First Vnesheconombank Deputy Chairman - Member of the Board Andrei Sapelin.

A project to construct a methylchlorsilanes plant is to be implemented by OJSC KZSK- Silicon with the financial assistance of the Bank for Development under the federal target program (Minpromtorg of Russia is a state customer). The project's total value is 9.8 billion rubles.

A decision on VEB's participation in funding the construction of the plant was made by the Bank's Supervisory Board in March of 2014. Vnesheconombank is expected to provide OJSC KZSK Silicon with 7.8 billion rubles for a period of 12 years. A bulk of investments is scheduled to be used for creating new production facilities applying Russian technologies and on the basis of Russian equipment.

This project is of national significance. Its implementation would make it possible not only to create our own raw materials base to develop Russia's main industrial sectors but also to overcome dependence on import supplies of strategic methylchlorsilanes raw materials. The plant is to produce a wide range of raw materials to manufacture special gluesand rubbers. At present, these materials are for the most part supplied to Russia by China, the US and Germany.

As a result of the project's implementation revenues in the budgets of all levels will amount to 13.5 billion rubles and more than 750 jobs will be created.