KfW loans US$111m to Ulyanovskshifer

KfW loans US$111m to Ulyanovskshifer
Published: 14 April 2009

Building materials manufacturer Ulyanovskshifer is to open a $111m line of credit with German banking group KfW. The funds are reportedly to be used to build a cement plant in Ulyanovsk region with projected annual capacity of 1.2Mt of cement. The US$413m plant is scheduled to be put be commissioned in 2010.