Industrial Development Fund of Russia

The Expert Council of the Russian Industrial Development Fund approved a 210 million ruble loan to Chelyabinsk-based Vtor-Kom for a 422.9 million ruble project to increase production of nonwoven materials for road construction, oil and gas, and light industry. The project will boost annual output of needle-punched fabric to 18 million sq m, bulk fabric to 3 million linear m, and polyester fiber to 12 million kg.