Lontrek company received a plot of land under the Moscow region regional program "Land for 1 ruble" for the implementation of an investment project in the field of import substitution. The investor will build an enterprise for the production of paints and varnishes on the site obtained in Bronnitsy, the press service of the Ministry of Property Relations of the Moscow region reports.
"Lontrek company invests 50 million rubles in the construction and launch of a manufacturing enterprise for the production of paint and varnish products. As part of the support for import substitution, the company has leased a plot of land at a rate of 1 ruble per year. Production is scheduled to start in early 2027. The plant will create more than 20 jobs for residents of Bronnitsy," said Ekaterina Zinovieva, Deputy Prime Minister and Minister of Investment, Industry and Science of the Moscow Region.
According to Lontrek, the company's products will be competitively priced, and will also ensure high reliability of product supplies to consumers compared to products from foreign manufacturers.
"The demand for paint and varnish products is always high. Moreover, the Moscow region is one of the main sources of demand formation, since a large number of various projects, including socially oriented ones, are being implemented in the region. The Lontrek investment project involves the construction of three industrial buildings on a plot of more than 2.2 hectares," said Natalia Adigamova, Minister of Property Relations of the Moscow Region.
As part of the regional program "Land for 1 ruble", investors can receive one or several plots of land in the Moscow region at the rate of 1 ruble per year for the construction of an import substitution production facility. According to the terms of the program, the land is leased for three years. If the entrepreneur has fully implemented the business plan for the provided land plot during this time, he can buy it back for 15% of the cadastral value.
Please note that this press release is based on materials provided by the company. AK&M Information Agency shall not be held liable for its contents, nor for the legal and other consequences of its publication.
