Nizhny Novgorod plant received a ₽130 million loan for production expansion
2021-08-04 11:51

Nizhny Novgorod plant received a ₽130 million loan for production expansion

Incom, a Nizhny Novgorod plant, has received a loan worth 130 million rubles to increase wire harness production. This was reported by the SME Corporation, which provided the enterprise with guarantee support.

"In 2021, the demand for the company's products from the manufacturers of cars, agricultural machinery, industrial equipment has increased markedly. This year, the customer of our products was the Aurus automobile manufacturing company and the auto glass manufacturing plant A.G.C. BSZ. We will be able to increase our output with the support of the bank and the development institute. Such an efficient partnership will allow us to implement the projects in full and on time," commented Alexander Skolkov, Director of the plant.

He stressed that with implementation of the projects, by the end of 2021, the production volume will increase by 45%, and the revenue will reach 750 million rubles.

Now Incom produces more than 4 thousand types of wire harnesses for the enterprises which are engaged in automotive industry, power engineering, machine building, etc. The company's customers include the GAZ Group and Rostselmash. At year-end 2020, the company's revenue exceeded 511 million rubles, which is 13.5% more than last year.

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Author: Karina Kamalova