In Balashikha, inside the ‘Cryogenmash’ factory, a complex for the production of cryogenic equipment will be built for $2.3 billion.
As was announced today to Construction.ru by the press service of the regional Ministry of a construction complex in the Moscow region, the town-planning council suburbs have agreed to the plan for the construction site of a complex for the production of cryogenic equipment. The project initiator was JSC ‘Cryogenmash’. The investment project involves the creation of a single research and production complex for improvement of key processes of the enterprise. The project will provide construction of two-storey production buildings with administrative and household rooms with a total area of 25 thousand sq.m. (the cost of installation and construction works is 1,1 billion rubles, the equipment 820 million rubles) and the reconstruction of engineering and laboratory buildings of 13.2 thousand sq. m. (the cost of construction and installation works is 198 million rubles, the equipment 65 million rubles). The company will invest 350 million rubles from their own funds and will borrow 2 billion rubles. We remind you that Cryogenmash is, "Russia's largest company for the production and technology of air separation equipment, the supply of technical gases and the development of integrated solutions for the processing of associated natural gas and liquefied natural gas.” The company unites the institute and engineering plant JSC Cryogenmash and the conducting specialized design institute JSC Giprokislorod.