TransCreditBank opens RUR500m facility for cement plant

TransCreditBank opens RUR500m facility for cement plant
Published: 11 February 2011

TransCreditBank has opened a RUR500m (€12.45m) credit line for Topkinsky Cement, part of the Siberian Cement group, the largest cement producer in Siberia. The money is provided for two years and will be used to replenish the company’s working capital.

The first installment of RUR300m has already been transferred, and the next one will be provided later this month.

In November 2010, TransCreditBank provided a RUR310m loan to the group’s Timlyuisky cement plant, also for two years.