Digitalization of industrial production has begun in the Ryazan Region.
Thanks to a concessionary loan available under a digitalization program, a local leather company, Russkaya Kozha, launched a special digital platform that will automate management of the company’s internal and external resources.
The 5% annual interest loan covers only part of the funding required for implementing the platform. With the support of the Industry Development Fund, Russkaya Kozha received RUR 80 mio ($1.2 mio) out of the RUR 160 mio ($2.5 mio) required for implementing the innovative management technologies.
Notably, the leather plant from the Ryazan Region is Russia’s first company that started to digitalize its operations using a loan from the Industry Development Fund.
The platform is expected to bring quite strong results. What has already been achieved is reducing order placement times by one third while the production volume of deep-processed leather has increased by 25%.