The flax factory in Kostroma will completely cease its operations. The company never recovered from the loss of major Western customers (Zara Home and IKEA). about this reports “Komsomolskaya Pravda”, referring to Roman Petrov, one of the factory owners.
“The decision was made to close the business. It was accepted for economic reasons. “Today, the company is losing 5 million rubles a month,” he shared.
The factory is now finishing the last raw material and then it will stop. Warehouses and industrial facilities with access to the river and railway tracks have already been auctioned. They are sold for 800 million rubles. The school building in the factory is also for sale. Its cost is 41 million rubles.
Kostroma Flax Mill was founded in 1865 by merchants Konshin, Kashin and Tretyakov brothers. At the end of the 19th century, the enterprise was considered the largest producer of linen products in Europe.
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Source: Gazeta
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