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2023: Construction of a plant for the production of installation systems for plumbing for 1.3 billion rubles
The Time company began building a plant for the production of installation systems for plumbing in Balashikha near Moscow. This was announced by the press service of the Ministry of Investment, Industry and Science of the Moscow Region on December 14, 2023.
For the production complex, the Moscow Region authorities allocated a plot of 3 hectares under the Earth for 1 Ruble program. The volume of investments in the project will amount to 1.3 billion rubles. It is planned to launch the enterprise in 2025, more than 200 jobs will be created there, said Ekaterina Zinovieva, Deputy Prime Minister - Minister of Investments, Industry and Science of the Moscow Region.
Under the Land for 1 Ruble program, enterprises that establish the production of import-substituting products can lease a land plot for only a ruble per year. These conditions are valid for three years. If the enterprise is successfully launched, the investor gets the opportunity to buy out the plot "under the plant" for only 15% of its cadastral value.
According to Mikhail Ivlev, General Director of Time LLC, plumbing installations will be manufactured at the new plant - an effective concealed installation engineering solution for installing various plumbing equipment. Upon reaching full capacity, production will be able to produce more than 100 thousand units of these import-substituting products annually, he stressed.[1]
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