Kirov Plant to Invest Rub 1,63 bn in Building of New Foundry

The program includes building of a new foundry in Gorelovo village (project cost Rub 1,63 bn), modernization of the production facilities of Petersburg Tractor Plant (project cost Rub 700 mln) and a complex development of cargo port on Finnish Gulf shore (project cost Rub 638 mln). The Kirov Plant has decided to float a loan to restructure credits and finance the investment projects.