[land of prospects] [ land of possibilities Innovative textile - industrial cluster of the Ivanovo region [ Ivanovo region] For development of the Innovative textile - industrial cluster of the Ivanovo region it is suggested using the territory of seven municipal districts, connected by the automobile road Kovrov- Shuya-Kineshma Prospective measures of financial State support for the enterprises of the Innovative textile industrial cluster of the Ivanovo region 1 level State financial support program for small and medium-sized enterprises of OJSC «MSP Bank» 2 level 3 level Establishment of the Fund of investments to textile industry in the region with the participation of «VEB Capital» LLC and JSC «RBK» Providing of loans by SC «Vnesheconombank» subordinated by the loans of commercial banks up to 50% of total lending To implement the major projects 2nd and 3rd levels of funding may be used at one and the same time, but in total amount of up to 50% of investments Creation of Technopark. Focus on composite materials Creation of Technopark with the participation of JSC «CTC «IVREGIONSYNTHEZ» in Ivanovo city in the form of public-private partnerships with support of the federal and regional budgets and development institutions including: – small enterprises business- incubator – laboratories and pilot-plant productions for the development of science and technology in the field of technical textiles Priority areas for research and development in the technopark: – Development and industrial testing of composite polyester - containing technical textiles (nonwovens, fabrics, knitted fabrics) and plastics – Development and experimental-industrial testing of the formation technology of composite fiber materials based on PET, polyamide, polypropylene, PLA and their products Location of the special purposed Vichuga industrial park Auto road connection – The nearest (Seninskie Federal Dvoriki(M-7) Highway P-71 Kovrov-Shuya- Rodniki-Vichuga); – Distance to the federal highway - 400m – Distance to the cities: Moscow - 400 km, Ivanovo- 65 km Railroad connections – The nearest main railway line: Northern Railway, the distance to the railway station 4km Air connections – The nearest airport Ivanovo-Yuzhniy, the distance to the airport - 72 km Preliminary sketch-map of the Vichuga industrial park general Plan Sites for the PET plant and the service plants and facilities (~25 hectares) Sites for the residents of the Industrial park ( ~50 hectares) Anchor project of the industrial park - textile grade PET plant Location: Ivanovo region, Vichugsky district (on the border of the Vichuga city) Types of produced products: Polyester staple fiber produced by direct spinning method; Textile grade chips Production volume: up to 200 thousand tons per year. Quantity of created work posts: 500 The cost of the project is 12 190 mln roubles (CAPEX and attendance of the letter of credit) Date of commissioning - 2017 Goals of Textile grade PET plant project implementation Mass substitution of imported raw materials (cotton and polyester) for raw materials produced in the territory of the Russian Federation; Enabling systematic development of textile production in Russia; Creation of the resource base and the conditions for effective competition on the domestic and external markets of the Russian textile industry. Development of infrastructure in the region associated with the creation of new associated industries and enterprises processing the production of the Plant. Performance indicators of the project - ( the planning horizon - 10 years) The cost of the project is 12 190 mln rubles (CAPEX and attendance of the letter of credit) Payback period– 8,08 years; DPP, discounted payback period– 8,86 years; Average rate of investments return (ARR) 10.73% Internal rate of return (IRR) – 7,23%; Net cash flow – 4 343 mln rubles NPV – 1 788 mln rubles Dynamics of consumption of polyester fibers and yarns in Russia and CIS up to 2020 Polyester fiber in CIS Polyester yarn in CIS Polyester fiber in Russia Polyester yarn in Russia (Expert estimation based on data of PCI Fibres, Fiber Organon, Tecnon OrbiChem, reports from national organizations and associations) Ratio of import, production and consumption of polyester fiber in the Russian Federation in 2007 2012. and up to 2020 *Taking into account the construction of the polyethylene terephthalate (PET) production plant for the textile industry in the Ivanovo region Thousand tons Industrial use of polyester fibers and yarns by major segments of the Russian market in 2007-2012 and for perspective till 2020 Promising projects for processing of PET plant production in the amount of more than 50,000 thousand tons per year. ( new plants to be built) * Only building area The production scheme of the PET plant Bottle grade PET flakes PET melt up to 500 tons/day Additional information Textile grade chips + up to 100 tons/day Main product polyester staple fiber up to 600 tons/day Products of the PET plant PET production chain The project envisages production of 200 thousand tons per year of PET melt followed by direct production of 170 thousand tons of staple fiber and 30 thousand tons of textile grade chips.