Russian household goods maker Bytplast LLC is getting a helping hand from the state in its project to modernise and expand production at its plastics moulding plant south east of Moscow.
The injection moulder, based in Yegoryevsk, is investing more than half a million euros to upgrade its machinery and boost output of a range of bathroom, kitchen and children's play containers and other products.
Bytplast recently received a soft loan worth €294,893 at 2% per year from the Industry Development Fund of the Moscow regional government towards its project which will
“The loan for our company was approved in record time. Less than two weeks after applying to the Fund, we already received the approval, and in two working days we transferred the necessary funds,” said Bytplast's financial director Svetlana Anisimova.
Her company, formed in 2000, has an overall range of 450 separate moulded products. It specialises in moulding mainly decorated polypropylene based storage containers for the home such as lidded first aid, needlework and children's paint boxes. Other items include food storage containers, laundry baskets, wheeled toy boxes and flower pots.
Today, it operates a production plant which includes injection moulding machines supplied by western European manufacturers Engel and Battenfeld. The company offers customers two-component moulding and IML (in-mould labelling). Bytplast has an 8,050m2 warehouse storage area.
This young company has continued to invest in updating its product range and installing more advanced production equipment in recent years. Bytplast claims to devote around €3m per year on capital investments.
It supplies its product range across Russian regions from Kaliningrad in the west to Sakhalin in the Far East, as well as serving customers in the CIS states of Belarus, Moldova, Kazakhstan and Kyrgyzstan.