28 May 201909:16
MMK Co-finances SMEs in MMK Industrial Park
UrBC, Yekaterinburg, May 28, 2019. Magnitogorsk Iron & Steel Works (MMK) now co-finances the projects of small and medium enterprises that are currently residents at MMK Industrial Park. According to MMK’s Information & PR Department, the co-funding gets provided on a competitive basis and must be used to set up a new production site or to expand an existing one. MMK supplies up to 30% of the necessary total amount (but no more than RUB 15 million). Teplopribor Express Analiz was the first company to use this financing mechanism to expand and localize production; the company is an MMK