A 100 million ruble investment was made in the production of electric-welded pipes by the Nizhny Novgorod company Prof-NN. At the new production facility, about 30 different types of pipes are expected to be produced.
The enterprise specializes in the production of corrugated board and metal tiles, the production of pipes is a new direction for it. The company plans to produce up to five thousand tons of products per month.
Maxim Cherkasov, the Nizhny Novgorod Region's Minister of Industry, stated that the investors will have the option of applying for a loan from the Industry Development Fund. The regional export center will also aid the business in gaining access to international markets.
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