Polished glass production line put into operation at Bor glass plant

In the town of Bor, Nizhny Novgorod Region, after a large-scale reconstruction, a line for the production of polished glass was put into operation at the JSC "AGC Bor Glass Factory". The investment project is supported by the Corporation for the Development of the Nizhny Novgorod Region and received a priority status in the region. From 2019 to 2021, the company invested 3.3 billion rubles in the modernization of equipment. The result of the project will be a twofold increase in the production of polished glass - by 550 tons per day. The result of the reconstruction should also be a significant improvement in product quality: reduction of optical defects, foreign inclusions and scratches. In addition, the line will expand the range of products.

"Any investment project is important for the Nizhny Novgorod region, regardless of the volume of investments, and in the case of the Borsky glass plant, it is also a very large investment. It is very important that 93 new jobs have been created. The implementation of such a serious project in the Nizhny Novgorod region speaks of investor confidence in the region, and we are making every effort to justify this trust, "said Deputy Governor of the Nizhny Novgorod Region Andrei Sanosyan. Timur Khalitov, General Director of the Corporation for Development of the Nizhny Novgorod Region, added that the region can rightfully be proud of the fact that enterprises with a 90-year history continue to develop successfully. “The result of the modernization of the line will be a doubling of the output. This is important not only for the automotive industry, where the company's products are most in demand, but also for the construction industry, which, especially in the difficult situation caused by the pandemic, is a driver of economic growth. on the market, the consolidated budget of the Nizhny Novgorod region will receive an additional 110 million rubles in tax revenues per year, "said Timur Khalitov, Director General of the Development Corporation. According to Sergey Knyazev, director of AGC Bor Glass Factory, the line launched after reconstruction is capable of providing the Russian market with high-quality products, including glass of thin denominations with a thickness of 1.6 mm not previously produced in Russia, as well as meeting growing export demands. it was reported that the council for development strategy and investments under the governor of the Nizhny Novgorod region approved the assignment of the project for the reconstruction of the polished glass production line (LPS-1) to the JSC "AGC Bor Glass Factory" the status of a priority investment project of the Nizhny Novgorod region. This allows the company to qualify for government support in the form of property tax exemptions and income tax exemptions. It is planned that tax preferences will be valid until June 30, 2026.

"The Institute of Priority Investment Projects of the Nizhny Novgorod Region is an important tool in creating a comfortable environment for investors in the region. Support for such projects is always a contribution to the development of the industrial potential and economy of the region and, as a result, to improving the quality of life of citizens. The total amount of tax benefits of the company will reach 127.6 million rubles ", - noted the Minister of Economic Development and Investments of the Nizhny Novgorod Region Igor Norenkov. Recall that to create comfortable working conditions for investors in the region, the Corporation for the Development of the Nizhny Novgorod Region, the Institute of Investment Commissioners, the Kulibin special economic zone in Dzerzhinsk, TASED in Sarov, Volodarsk and Reshetikha, which have preferential tax regimes. As previously reported, at the end of 2020, the Nizhny Novgorod region rose from 18th to 6th place in the National rating of the investment climate in the constituent entities of the Russian Federation, compiled by the Agency for Strategic Initiatives (ASI ).

Source: https://www.advis.ru/