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The Industrial Development Fund will provide "Danaflex-Alabuga" a soft loan for 500 million rubles

The Expert Council of the Industrial Development Fund approved the granting of a soft loan to the company «Danaflex-Alabuga» for 500 million rubles. «Danaflex-Alabuga» will place flexible packaging materials on the ready-made production areas in the SEZ «Alabuga». The capacity of the enterprise is after 22 thousand tons per year. About 70% of products are planned to be sold on the Russian market.
The project will cost 1.4 billion rubles, of which 500 million rubles are ready to provide the fund.
Before the Industrial Development Fund, allocate funds at 5% per annum, the companies must sign loan agreements. The loan for Danaflex-Alabuga should be approved by the Supervisory Board of the Industrial Development Fund.

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