The Mettoil company intends to expand production of equipment for the oil and gas industry in the Moscow region. To this end, the company will build a second production complex on the territory of the M-8 industrial park in Sergiev Posad district, the press service of the Ministry of Property Relations of the Moscow Region reports.
"The volume of investments in the new project of technological sovereignty of Mettoil company will exceed 560 million rubles. The company will create more than 60 new jobs. The planned start–up date is 2027," said Ekaterina Zinovieva, Deputy Prime Minister and Minister of Investment, Industry and Science of the Moscow Region.
The Deputy Chairman recalled that in 2023, Mettoil had already implemented an investment project to launch the production of oil and gas production equipment. For the development of the enterprise, the company was given a plot on the territory of the M-8 industrial park under the "Land for 1 Ruble" program, on which the investor will build another production complex. This will expand the company's machine tool fleet.
"2.4 hectares of municipal property have been transferred to the company for the construction of another production complex. It is important to note that Sergiev Posad District is one of the leaders in providing land plots to investors under the import substitution program. Since the launch of the program, 19 land plots with a total area of 45.6 hectares have been provided to entrepreneurs in this district alone for the expansion of production and the creation of new businesses," added Tikhon Firsov, Minister of Property Relations of the Moscow Region.
Mettoil is a member of the TSS Group of Companies, which is the Russian market leader in lower well completion and, in particular, the leader in the production and launching of equipment for multistage hydraulic fracturing (MGRP). The Moscow region company specializes in the production of such equipment.
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.
