Russian holding company “Instrumental plants”, being a holder of 77% of shares of CJSC “Sopotex”, opened for it a RUB 25,000,000 credit line for purchasing cotton raw material.
The productive capacity of light industry enterprise “Sopotex” is minimum 300 tons of cotton yarn per month. But lately it lacked for raw material.
Besides, a stockholders meeting agreed upon providing RUB 25 mln for purchasing 20 newest Belgium manufacturing machines producing technical fabric used as a basis for abrasives. These new machines will replace 100 old ones that use too much energy and have low productive capacity. The investment project will promote exports increase.
By the end of the year the enterprise is to become paying concern.