Cymric factory of Gorky

History

2021: Investment of 81 million rubles into expansion of the plant on production of respirators

At the end of January, 2021 "The cymric factory of Gorky" announced investment of 81 million rubles into expansion of the plant on production of respirators. The production line started in the Tver region was the largest in own way in Russia — medical and industrial respirators of a class of protection of FFP2 and FFP3 in number of 4 million pieces a month will be made there.

According to TASS with reference to the deputy head Ministry of Industry and Trade Mikhail Ivanov, by the end of January, 2021 of the enterprise which release respirators are loaded on average for 70%, and it is a good indicator. Taking into account the new line at "Cymric factory of Gorky", peak daily capacities on production of respirators in Russia exceeded 650 thousand pieces that creates a possibility of an entry into the new markets, he said.

"The cymric factory of Gorky" invested 81 million rubles in expansion of production of respirators

"The cymric factory of Gorky" intends to deliver respirators in medical institutions, pharmacy chains and to large industrial enterprises. The company is to the leading Russian manufacturers of individual protection equipment of respiratory organs. New capacities will allow to produce up to 180 thousand respirators a day with involvement of 15 new employees during the standard work in two changes.

In total the Fund of Development of the Industry (FDI) issued 27.577 billion rubles in the form of concessional loans to 96 enterprises for the Counteraction to Epidemic Diseases program. On production of respirators borrowers received 759 million rubles. As for "Cymric factory of Gorky", it obtained from IDF a preferential loan in the amount of 81 million rubles under 1% per annum. Funds were allocated for purchase of technology equipment.

TASS notes that the Fund of development of the industry grants the Russian enterprises loans under 1% and 3% per annum for up to 7 years in volume from 5 million to 2 billion rubles, stimulating inflow of direct investments to the real sector of economy.^[1]

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