“Noris” LLC opens on July 22 at the premises of “BENZ” OJSC

The president of the Republic of Tatarstan R. N. Minnikhanov, the Prime-minister of RT I.Sh. Khalikov, CEO of Investment and Venture Fund of the Republic of Tatarstan A. T. Aydeldinov, CEO of “Tatneft” OJSC Sh. F. Takhautdinov, the president of “MC Runako” CJSC Z. R. Kavtaradze, regional vice-president of Weatherford company in Russia D. Kh. Kaminski, CEO of Weatherford LLC F. R. Kamalov are expected to take part in the opening ceremony.

“Noris” LLC products are in high-demand among oil extracting companies as well as oil related service and maintenance companies in Russia and Commonwealth of Independent States (SNG). Among the prospective clients of the company are “Tatneft” OJSC, “Rosneft” public oil company, “Lukoil Zapadnaya Sibir”, “Bashneft” public oil company, as well as oil companies in Azerbaijan and Kazakhstan.

The building of the factory was funded by the Investment and Venture Fund of the Republic of Tatarstan and “Wellness-Capital” Investment Company as a part of small and medium-sized enterprises support program offered by “MSP-Bank” OJSC.
 
Today the project's overall cost is 200 mln. rubles. Payoff period is 4 years. Project's production capacity is 720 km/year. Average revenue is 411 mln.rubles. Moreover, the project is expected to create more than 20 new work placements.