Sberbank to loan $62m to Novoroscement

Sberbank to loan $62m to Novoroscement
Published: 06 August 2009

Krasnodar region-based cement manufacturer Novoroscement has announced plans to take out a $62m loan with Sberbank, the company reports. The funds are reportedly to be loaned for three years, the interest rate has yet to be disclosed. Under plans, the funds are to be spent on technological projects, including construction of new production lines