Russian Industrial Development Fund Provides 645 Million Ruble Loan for Mining Machinery Gearbox Production

en.Wedoany.com Reported - The Russian Industrial Development Fund recently announced that it will provide a preferential loan of 645 million rubles to Anzheromash Company at an annual interest rate of 3% to launch a new gearbox production line in Anzhero-Sudzhensk. The funds come from the fund's supporting products program, aimed at promoting import substitution and expanding production capacity for products needed in mining machinery.

These funds will be used to procure modern equipment and optimize logistics processes from blanks to delivery, which is expected to nearly double gearbox output. This type of gearbox features compact structure, high efficiency, strong reliability under dynamic loads, and suitability for dusty environments. The main customer base consists of enterprises engaged in underground and open-pit mining of coal, ore, and other minerals.

Roman Pecherin, General Director of Anzheromash, stated that by rationally arranging production lines and eliminating unnecessary inter-shop movements, the modernization project will reduce production labor intensity by 25%. Additionally, the company can directly use its own gearboxes in its belt conveyors, thereby achieving complete control over product quality.

Ilya Seredyuk, Governor of Kuzbass, noted that the project will further consolidate the region's status as a high-tech machinery manufacturing center. The total investment in this production project is expected to exceed 850 million rubles. To date, Kuzbass enterprises have attracted over 3.8 billion rubles from the Industrial Development Fund, supplemented by their own investments of 2.3 billion rubles.