The Expert Council of the “Kulibin” SEZ approved two projects with a total investment volume of about 390 million rubles

The Expert Council of special economic zone (SEZ) "Kulibin", located in Dzerzhinsk, supported the applications of FoTour LLC and Basalt Fire Protection Technologies LLC to receive the status of SEZ residents.

"To date, the Expert Council has already approved 36 investor projects with a total investment volume of about 116 billion rubles. It is planned to create 4.6 thousand jobs. Several resident enterprises have already been commissioned, and active work continues at other sites. In the near future, we plan to open two more production facilities," said Deputy Governor of the Nizhny Novgorod Region Andrey Sanosyan.

FoTour LLC aims to create a production facility for small-tonnage chemical products: glycidol, bis-GMA, and oligourethane methacrylates. The investment volume in the project is almost 170 million rubles, it is planned to create 18 jobs. The company intends to produce up to 114 tons of finished products per year. Basalt Fire Protection Technologies LLC aims to build a production facility for fire protection and heat insulation materials based on basalt superfine fiber. The investor intends to invest 219.3 million rubles in the project and create 44 jobs.

Also, during the meeting of the Expert Council, an updated project of Russilika LLC was considered. The company aims to expand the project for the production of micronized silica gels and stable silica sols, which was approved by the Expert Council in 2021. The facility is currently under construction at the SEZ site. Additional investments of about 9 billion rubles will increase the range and volume of products manufactured and create additional jobs.

The management company of the “Kulibin” SEZ is the Nizhny Novgorod Region Development Corporation.

“The projects approved today by the Expert Council are aimed at creating scarce and import-substituting products widely used in various sectors of the economy. Investors are increasingly choosing the “Kulibin” SEZ as a platform for implementing such projects, and this interest is not waning. The Development Corporation will provide them with the necessary support for the comfortable launch of new production facilities,” said Igor Ishchenko, Director General of the Nizhny Novgorod Region Development Corporation.

Recall that the Kulibin industrial and production special economic zone was created in May 2020 on the territory of the urban district of Dzerzhinsk.

In 2023, the area of the SEZ was increased to 724 hectares. The SEZ includes state territory (more than 400 hectares), as well as private sites of DPO Plastik, Oka-Polymer and Sintez OKA. The preferential conditions of the SEZ reduce the tax rates on profit for its residents from 20% to 2% in the first 5 years from the moment of receiving the first profit, to 5% in the next 5 years and 14.5% thereafter, and also establish zero rates for property, land and transport taxes. The effect of the tax benefit on profit begins with the tax period in which the resident company first receives profit.