Domestic company Monocrystal received a bank loan to finance trade turnover with foreign clients in the amount of USD 5 mln on preferential terms.

The Monocrystal Group produces synthetic sapphire for light emitting diodes and mobile electronics. In addition, it manufactures metallization pastes for solar energy. Now almost all of the company's products are exported to almost 30 countries in Asia, Europe and America, including China, Germany and the United States.

According to Nikita Gusakov, senior vice president of the Russian Export Center, the bank's provision of financing for the delivery of domestic goods outside the country makes it possible to increase sales, and in the case of supplies of high-tech products it makes it possible to reach new trading floors and expand export geography.

He stressed that preferential loans give Russian exporters a competitive advantage to operate in foreign markets.

According to Oleg Kachalov, general director of Monocrystal, the received financing increased cash flow and strengthened the financial stability of the company.

Made in Russia // Made in Russia

Author: Ksenia Gustova