The project to establish the Sovelmash D&E center is complete — why is further investment needed?
The Sovelmash engineering center has been built, commissioned, and is already fulfilling orders. Yet the project is still being financed. Why?
Yes, Sovelmash is producing angle grinders and motors in series and supplying them to customers. For now, revenue is being used mainly to cover operating expenses. But to pay dividends, the company needs "fuel" in the form of working capital:
- purchasing materials and components in advance,
- purchasing and setting up additional equipment and tooling,
- automating production and reducing product costs.
Without sufficient working capital, the company will grow slowly. To build it up, Sovelmash can draw on financial support from project participants, which will enable it to reach substantial production capacity faster and start paying dividends sooner.
Financing may continue until Sovelmash is converted into a joint-stock company, as the number of stakes sold will need to be finalized.
Thus, financing the project now benefits everyone because it expands the opportunities available to Sovelmash and every project participant.
Support the project now!
*The translation is done with the help of artificial intelligence.