240 million rubles will be allocated to support industrial companies in Krasnodar Region

The regional Industry Development Fund’s expert council has approved preferential loans for two companies during its recent session.

Dmitry Khmelko, the region’s Minister of Industrial Policy, explained, «Loans are extended for the purchase of state-of-the-art equipment, consumables, and raw materials, which are crucial for manufacturing industrial batches of products.»

OOO YUSK (Southern Glass Company) has been approved for a 200 million ruble loan to establish a new glass processing facility and broaden its product offerings as part of the Import Substitution initiative.

Moreover, PromAgroTekhnologii plant secured a 40 million ruble loan under the Working Capital program. These funds are earmarked for acquiring raw materials, supplies, and components necessary for production.

Dmitry Tsaplev, Director of the regional IDF, said, «Our Fund has given out over 350 loans to industrial companies, totaling more than 11.2 billion rubles since we started. This help is very important for growing mid-sized and smaller manufacturing businesses.»

The regional IDF remains open for applications from industrial enterprises seeking favorable financing. As of early 2025, 33 loan agreements valued at 1.2 billion rubles have been finalized and funded. The Fund currently operates with 13 distinct programs and boasts a capitalization of 10 billion rubles.