# Hexa-Lotos receives financing for third phase of geosynthetics plant

Hexa-Lotos received a RUB 40.5 million loan from the Industrial Development Fund at 1% for seven years to build the third phase of its geosynthetics plant in the Lotus SEZ, Narimanov, Astrakhan Oblast. The expansion will add over 70 jobs and increase processing capacity to 400-500 tonnes per month.

- Type: Expansion
- Announced: 2023-03-07
- Where: Narimanov, Astrakhan Oblast, Russia
- Value: $530K (40.5M RUB)
- Jobs: 70
- Status: announced
- Capacity: 400-500 tonnes per month
- Products: geosynthetic materials, hydro-vapor barrier for low-rise construction
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Hexa-Lotos](https://endata.com/companies/23518.md)

## Sources

- [plastinfo.ru](https://plastinfo.ru/information/news/51037_07.03.2023/), 2023-03-07: "Компании предоставлен льготный заем в 40,5 млн руб. по ставке 1% годовых на семь лет."

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