BAKU, Azerbaijan, Nov. 11
By Klavdiya Romakayeva - Trend:
The European Bank for Reconstruction and Development (EBRD) has approved a $2.8 million loan for JV Healthline LLC in Uzbekistan, Trend reports referring to the press service of EBRD.
The loan will be used to purchase a third production line for the production of single-use medical gloves. The total cost of the program accounts for $3.8 million.
The company will invest its own funds in the project in the amount of $1 million.
Healthline plans to expand its production due to the increased demand for medical personnel protective equipment (PPE).
According to the presidential decree on the implementation of the investment program for 2020-2022, the design capacity of the two production lines of this enterprise amounts to 120 million units.
Healthline has been an existing client of the EBRD since November 2019. The initial project involved the establishment of a medical glove production facility with two production lines to which the EBRD provided debt financing of $9.2 million.
To respond to the increased demand for PPE, Healthline decided to install a third production line under the project which will increase the production capacity of disposable medical gloves.
JV Healthline LLC is a limited liability company incorporated in Uzbekistan in 2004. The company is a leading local manufacturer and trader of disposable medical devices including disposable syringes, intravenous sets, gynecological speculums, blood lancets, catheters, and dialysis filters.
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