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Economy/Business
29 May 2020, 10:32

Salavatsteklo launched new production with soft loan of Industrial Development Fund

Salavatsteklo company launched a new production line for the production of lead-free mirrors with a capacity of up to 6 million square meters per year. About 30% of the products are planned to be exported to neighboring countries - Belarus, Ukraine, Lithuania, Azerbaijan, Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan.
Basically, mirrors will be used for the manufacture of furniture, interior elements, for vehicles. The “Dial” furniture factory from Penza, the “Slavyanskaya Mebelnaya Kompaniya” from Nizhny Novgorod, and the “Ellada” interior door factory from Ulyanovsk showed interest in Salavat products.
The company borrowed funds for the purchase of equipment from the Industrial Development Fund under the “Component Products” program. The soft loan was issued in the amount of 419 million rubles, the total project cost was 524 million rubles.
In 2021, the company plans to increase the production of mirrors by 1.5 times and enter new markets of the EU countries.
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