Kedr company group, well-known on the Russian furniture market as a leader in manufacturing furnishings, has launched a new manufacturing warehouse complex in the Voronozh oblast in the town of Semilyky.

ЧИТАТЬ ПОЛНОСТЬЮ

Kedr company group, well-known on the Russian furniture market as a leader in manufacturing furnishings, has launched a new manufacturing warehouse complex in the Voronozh oblast in the town of Semilyky. UniCreditBank, which, according to Viktor Yenin, Kedr's owner, has been working with Kedr for a while already, if providing credit support to the project.

UniCreditBank issued credit this time for five years in the amount of 150 million rub. ($5 million). The entire project is estimated at about 250 million rub. ($8.3 million). The enterprise in Semiluky will issue furniture, facades and furniture parts, table tops, mattresses, and other need furnishings on the Russian furniture market. At capacity, the factory will issue 700 parts during a work shift and will be one of the top 3 producers of tabletops in Russia.

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