Ukrsotsbank opens UAH 10m credit line to Podilskyi Tsement

Ukrsotsbank opens UAH 10m credit line to Podilskyi Tsement
Published: 08 February 2006

Ukrsotsbank ranking among top ten Ukrainian banks has opened UAH 10m credit line to the Podilskyi Tsement cement company (Kamianets-Podilskyi, Khmelnytskyi region), which is one of the three largest producers of cement in Ukraine, according to a statement, the credit was provided for the one-year term.

Podilskyi Tsement plans to direct the credit funds to the replenishment of its circulation assets and attracting the main funds.

As Ukrainian News earlier reported, Podilskyi Tsement made a net profit of UAH 29.129m in 2004, having increased its revenues by 57.6% or UAH 123.097m compared with 2003.

Podilskyi Tsement owns 6 kilns for cement production with a combined capacity of 3.7Mta.