Topkinsky Tsement receives loan for kiln line, Russia

Topkinsky Tsement receives loan for kiln line, Russia
Published: 13 May 2010

Russian cement producer Topkinsky Tsement has received a RUB1bn loan from Sibirsky Bank, a unit of Russia’s Sberbank, the bank said in a statement on Wednesday.

Topkinsky Tsement, a unit of Russian holding Sibirsky Cement, used the funds to finance the construction of a new kiln, which was launched earlier in May.

Topkinsky Tsement is located in the Kemerovo Region.