The Black Sea Trade and Development Bank (BSTDB) will extend a six-year US$20mn corporate loan to JSC Concern Kalina, the largest producer of personal and household hygiene products in Russia.
The BSTDB financing supports the company’s investment programme, which includes modernization of production facilities, research and development, as well as promotion of new brands, acquisition of enterprises and expansion of inventories.
The funds will support the development of highly competitive manufacturing in Russia and Ukraine and will facilitate the supply of quality products to the Russian market and to other BSTDB member countries.
Concern Kalina is a Russian market leader producing cosmetics and hygiene products in conformity with the international standards. The company’s suppliers are the leading companies producing raw materials for perfumery and cosmetic products in the world. Concern Kalina has production facilities in Russia and Ukraine.