Kemerovo company "TK Gofrotorg" received a loan of 74 million rubles. The company plans to use the money to upgrade its equipment, according to the SME Corporation press service.

By the end of this year the company intends to increase production by 20 percent and increase revenue to 231 million rubles.

"As the new equipment will be put into operation by the end of next year it is expected to increase output by another 75% and revenue to 400 million rubles, and by the end of 2023 it is planned to increase output by another 75% against 2022 and reach revenue of 700 million rubles," - the press service said.

In addition, the company will expand the range of products and will start to produce paper packaging of micro-corrugated board and five-layer corrugated cardboard.

Today, "TK Gofrotorg" produces corrugated board and products made of it: boxes and trays for vegetables, machinery and baking. The company also sells packaging film, adhesive tape and bags.

Last year, the company increased its revenue by 6.65%, to 187 million rubles, compared to 2019.

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Author: Ksenia Gustova