OREANDA-NEWS. A ceremony to open an advanced, innovation plant to manufacture thermal insulation products based on Neoporm foam glass was held in Vladimir. In the attendance of the ceremony were representatives of Vnesheconombank, the Vladimir region Administration and STES-Vladimir Company.

The project on the construction of the production facility was implemented by CJSC STES-Vladimir Company with the financial assistance of Vnesheconombank that provided about 4.5 billion rubles. The project's total value is 5.4 billion rubles.

The project's implementation will make it possible to put a top-quality thermal insulation material on the Russian market. By its technical characteristics, the material is in line with the best world's analogues. The plant's rated capacity will amount to 110 thousand cubic meters per year.

The plant will manufacture thermal insulating boards and fabricated shapes from foam glass for thermal isolation of industrial equipment and pipelines using patented Russian technology. Scrap glass is to be used as a main raw material, which will help to address issues of energy saving and energy efficiency in civil and industrial engineering as well as ecologic issues of inorganic waste utilization.

The project is being implemented with the support of the region's Administration and is included in the Strategy of the Vladimir region's socio-economic development up to the year of 2027.

The new production facility would contribute to the region's socio-economic development and would create more than 230 jobs, revenues in budgets of all levels are estimated at 2.7 billion rubles.

The project of CJSC STES-Vladimir Company is among 13 projects being implemented with Vnesheconombank's financial assistance. The projects are aimed at creating advanced production facilities to manufacture various kinds of top-quality construction materials in the Russian Federation. Nowadays, Vnesheconombank is participating in projects to create production facilities to manufacture various kinds of construction materials for a total amount of more than 110 billion rubles, with the Bank's participation share being about 81 billion rubles in 12 regions of the Russian Federation. Besides the foam glass thermal insulation products plant, they include 3 cement plants, 4 autoclave aerated concrete products plants as well as plants to manufacture float glass, sandwich panels, metal structures and integrated home-building factories.