EXIAR and Russia’s largest manufacturer of aerosol cosmetics are strengthening cooperation
Arnest JSC and Russian Agency for Export Credit and Investment Insurance (EXIAR) concluded a short-term receivables insurance contract for a new insurance period. Contract renewal for the period of 2020-2021 will allow Arnest JSC to continue planned export activities in neighboring countries and beyond.
“Arnest Group is the EXIAR’s client from Stavropol, with whom we cooperate since 2016. The signed contract will cover the supplies of perfumery and cosmetic products to the CIS countries and Europe. The new deal was valued at $10 million. From year to year, we observe how our client’s positions are strengthening in foreign markets and how it expands its sales geography,” Nikita Gusakov, General Director of EXIAR JSC.
“Export is extremely important for our company, and we are actively working on approaching new markets and expanding production. In 2020, we set a task to significantly increase exports by supplying a fifth of our production volume abroad. Surely, REC’s support helps us to implement our ambitious plans in the field of foreign economic activity. This year we have been awarded “Exporter of the Year” Prize, which is being held by REC. We highly appreciate the level of cooperation between REC and Arnest JSC and expect to strengthen it further,” Samvel Galustyan, Commercial Director of Arnest JSC.
Arnest JSC is Russia’s leading manufacturer of perfumery, cosmetic and cleaning products. The company develops, sells and promotes more than 350 items of products under its own brands in the Russian Federation and 14 countries worldwide.