Krasnodar, Russia — Vega Matras is understood to be planning to produce its own polyurethane foam at a new plant in southern Russia.
The firm, which makes up to 100 different types of mattress as well as bedding accessories and furniture, is preparing to invest almost €6.3m to establish a PU foaming operation at Sadovyj, near Russia’s southern border with Georgia, according to European media reports.
Vega Matras, supplying the Russian bedding market since 2001, is still seeking a line of credit for its latest project which, if it goes ahead, will see the new plant go on stream in 2019.
The company is based in Krasnodar, 1360km due south of Moscow near the Black Sea. It is said to be aiming to raise the necessary finance from the Krasnodar regional bank KrajInvestbank and the Russian agricultural bank Rosselkhozbank, based in Moscow.
No details have yet been disclosed on the proposed plant capacity. But, once up a running, it is scheduled to create up to 70 new jobs.
Vega Matras, reported to be controlled by the entrepreneur Roman Chechelyan, runs its mattress and bedding products manufacturing facility in Krasnodar, located in south western Russia.
The company, with a clientele including large manufacturing firms, furniture makers and trading companies, offers its products to customer specification, has developed its own logistics system and transport fleet, helping it to deliver products across Russia.
Vega continues to update its manufacturing equipment supplied by leading manufacturers, installing framing, quilting and and sewing machinery as well as cutting and packaging centres, it said.