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.
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