Новости городов Азии

Southern Cookware Manufacturer and Country’s Largest Bank Expand Collaboration

Southern tableware manufacturer and the country's largest bank expand cooperation

At the St. Petersburg International Economic Forum on June 18, an agreement on the intention to develop cooperation was signed.

“It is important for the bank to comprehensively support southern producers and develop long-term cooperation with them. Thus, in 2023 we assisted a group of companies in financing the construction of a composite glass production plant with a capacity of 35 tons per day. Using the preferential industrial mortgage mechanism, we financed the purchase, modernization, and reconstruction of sites for tableware production. We are currently discussing the implementation of another large project worth 1 billion rubles, which will significantly increase the production of composite glass tableware in Armavir. And, of course, it will help boost import substitution across the country.”

“We have been cooperating since 2019. We use a large number of its financial and non-financial services. During our joint work, we have already launched and implemented several large projects with a total cost of about 2 billion rubles