A subsidiary of the Small and Medium Entrepreneurship Corporation (SME) provided financing to Aqualine for the leasing of equipment to set up a new production facility for bathroom furniture in Murom.

The financing was used to purchase a screw compressor, an edgebanding machine, a format-cutting machine and a drilling and reaming machine with an automatic feeder. The total sum of financing exceeded 3.3 million rubles.

With the new equipment the company will be able to increase sales and reduce costs on delivery of products to the European part of the country.

Aqualine produces modular kitchens and over 65 models of bathroom furniture.

The company has been operating since 2005, and now their production capacity exceeds 20 thousand sets per month.

The company's furniture is purchased throughout Russia. The main production sites of the company are located in Zheleznogorsk and Ufa. Now Aqualine increases its production capacities and creates complexes in Murom.

Let us remind you that SME Corporation has launched a new leasing product in order to support small and medium-sized businesses during the pandemic. This product implies more flexible conditions for SMEs, including individual entrepreneurs. The minimum amount of financing was reduced to RUB 500,000, and the maximum leasing period was increased to 84 months. There is also a function of individual periodicity of payments with the possibility of deferral and periods of moratorium on payments.

Made in Russia // Made in Russia

Author: Ksenia Gustova