MMK Industrial Park invested over RUB 100 million in development in 2023

MMK Industrial Park (part of MMK Group) announced the results of its activities for 2023. According to Vladimir Dremov, Director of MMK Industrial Park, the company invested about RUB 100 million in development last year in order to upgrade the energy and transport infrastructure and repair buildings and office space for residents.

Some 1,400 metres of water supply lines were laid throughout the park, upgrading about 50% of the park’s water supply lines and saving up to RUB 4 million per year. With the replacement of 20 thousand square metres of asphalt, 60% of the roads in the park were upgraded as well.

Site remediation also got under way in 2023, with plans in place to dismantle all dilapidated buildings within two years. Four buildings were demolished during the year as part of the programme for dismantling dilapidated and crumbling buildings. This freed up an area of 36,000 square metres for residents to use as a greenfield site.

The Industrial Park is currently occupied at 89% capacity and houses 47 residents, including five new residents that began operating at the park last year. One of the latest production facilities opened by residents is a new line for the production of ferrosilicon briquettes. Plans are in place to open two new production facilities in the near future: a facility manufacturing lifting and conveying equipment as well as a plant producing steel rolls. A project for the production of containers is also expected to get under way.

Since the establishment of the Industrial Park, residents have manufactured products worth more than RUB 18 billion. Over the past four years, they have paid more than RUB 1.5 billion in taxes, and more than one thousand jobs have been created.

MMK Industrial Park, a subsidiary of MMK and MMK-METIZ, was reaccredited by the Ministry of Industry and Trade of the Russian Federation in 2022, enabling investors to take advantage of a system of tax incentives: the property and transport tax rates were lowered to 0%, and the regional component of the income tax rate was reduced to 3.5%. The Industrial Park provides utilities infrastructure and a developed rail network on a site covering 66 hectares. According to the annual assessment by the Expert-Ural rating agency, MMK Industrial Park took second place in the category “Sites Located within a Radius of up to 250 km from an Economic Growth Centre.”