Avanta, a leader in the perfume and cosmetics industry in Southern Russia, will receive a preferential loan of over 18 million rubles to upgrade its equipment. This decision was made by the expert council of the Industrial Development Fund of Krasnodar Krai.
The company will direct the loan funds towards updating the equipment at its plastics production facility, which manufactures PET bottles, blisters, lipstick penals, and other items.
The loan funds are provided as part of the "Development Projects (Regional Financing)" program and will be used to implement investment projects aimed at creating new or modernizing existing production facilities.
The loan amount available under the program ranges from 5 to 100 million rubles with an annual interest rate of 2% to 3%, and a maximum term of 5 years.
The company "Avanta" is one of the oldest enterprises in the production of perfumery and cosmetic products in southern Russia and is a major producer of high-quality and affordable goods. It participates in the national project "Labor Productivity."
The mayor of Krasnodar, Yevgeny Naumov, visited the enterprise and noted that the company is successfully developing thanks to its ability to adapt its logistics and find new suppliers amid the current challenging economic situation, ensuring it maintains production levels.
A subsidized loan for equipment upgrades totaling approximately 70.5 million rubles will also be granted to the largest pulp and paper products manufacturer in southern Russia — the company "Kuban-Papir."
Source: www.krd.ru
