Yoshkar-Ola Shoe Factory received a loan to modernize production
02.07.2019 4300

Yoshkar-Ola Shoe Factory received a loan to modernize production

The expert council of the Industrial Development Fund (FRP) approved for the Yoshkar-Ola shoe factory (Mari El) LLC a preferential loan of 88,8 million rubles. The funds will be used to modernize production for the production of protective shoes made of polyvinyl chloride (PVC) of up to 200 thousand pairs per year, according to a press release from the FRP.

The company plans to spend the funds on the purchase of an injection molding machine for the production of PVC shoes and an automatic cutting machine for materials. The total project cost is 184,8 million rubles.

Safety shoes made of PVC - a new type of product for the factory, currently the company produces leather shoes. Installation and commissioning of the equipment are planned for the III quarter of 2020, the start of mass production - for the IV quarter of 2020. The FRP provides the factory with a soft loan under the Development Projects program, the interest rate of which will be 3% per annum in the first three years, and 5% in the remaining two years.

 

The Expert Council of the Industrial Development Fund (IDF) approved a preferential loan of 88,8 million rubles for Yoshkar-Ola Shoe Factory LLC (Mari El). The funds will be spent on modernization ...
5
1
Rating

Latest News

The US and India have reached an agreement to reduce tariffs by up to 18%.

US President Donald Trump announced a trade agreement with India, under which tariffs on Indian goods will be reduced from 50% to 18%. Trump linked this move to India's halting purchases of Russian oil and a decline in trade…
06.02.2026 191

Sneakers have appeared in the Tamaris collection.

This Spring/Summer 26 season, the German brand Tamaris collection features the year's trendiest model: ultra-thin sneakers.
06.02.2026 197

Wales Bonner has released its own sneaker model based on its collaborations with Adidas.

The Wales Bonner collection now includes the Paris Trainer sneaker, essentially a continuation of British fashion designer Grace Wales Bonner's collaboration with Adidas. However, the silhouette and design of the sneakers are reminiscent of the six-year-old's hits…
06.02.2026 203

Zegna sales showed sharp growth in Q4 2025

Italian luxury menswear and footwear brand Zegna reports sales growth in Q4 2025. The Ermenegildo Zegna group, which includes the Zegna, Tom Brown, and Tom Ford Fashion brands, is expected to generate revenue in 2025…
05.02.2026 337

The number of clothing and shoe stores is declining

Shopping centers are seeing fewer clothing and shoe stores. By the end of 2025, the number of fashion retail outlets in Russian shopping centers had decreased by 10-15%. This follows from a survey conducted by the Union of Shopping Centers…
04.02.2026 483
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning