The Lugansk based Lugansk Foundry and Mechanical Plant (LLMZ) has received a USD 1.1458 million supporting state loan from the LNR Industrial Development Fund.
According to Yevgeniy Plotnikov, LLMZ's deputy director for mechanisation and production automation, the plant plans to use the loan to purchase new equipment, including portal milling and CNC processing machines. This will allow the plant to produce larger-sized products. It is also planned to invest $1.7187 million to create a technological chain of new CNC equipment, which will allow the plant to specialise in the production of spare parts for rail transport and expand its capabilities in the machine-building industry.
LNR Deputy Minister of Industry and Trade Dmitry Chastnikov emphasised that state support measures will help LLMZ to increase production volumes, expand its product range and improve product quality, including pig iron radiators.
LLMZ, managed by Southern Mining and Metallurgical Complex LLC, specialises in the production of castings from grey and high-strength pig iron, carbon and alloy steels.
The plant's products include heating radiators, sewage covers, rain indicators, brake linings for rail transport, garden and park castings, and mechanical engineering products. The plant currently supplies products to the domestic market of Donbass, as well as to other regions of Russia and the Republic of Belarus.
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