# Kotovsky Nonwoven Materials Factory receives 93M RUB loan for expansion

The Monotowns Development Fund will provide a 93 million ruble interest-free loan to Kotovsky Nonwoven Materials Factory in Tambov Oblast, Russia, to expand production capacity and create 20 new jobs.

- Type: Expansion
- Announced: 2019-12-21
- Where: Tambov Oblast, Russia
- Value: $1.46M (93.0M RUB)
- Jobs: 20
- Status: announced
- Products: synthetic padding, paroplen
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Kotovsky Nonwoven Materials Factory](https://endata.com/companies/44110.md)
- [Monotowns Development Fund](https://endata.com/companies/44111.md) (investor)

## Sources

- [dazzle.ru](https://dazzle.ru/proizvodstvo/6854-fond-razvitiya-monogorodov-podderzhit-kotovskiy-zavod-netkanyh-materialov-v-tambovskoy-oblasti.html), 2019-12-21: "Фонд развития моногородов намерен предоставить 93 миллиона рублей для расширения производственных мощностей «Котовского завода нетканых материалов»."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.