KUMZ obtains financing from Rosbank

Rosbank and Kamensk-Uralsk metallurgical plant (KUMZ) have signed an agreement about the opening of a credit line at the rate of 300 million rubles for 18 months. The financing is aimed at fulfilment of the enterprise’s statutory activity.

KUMZ is a supplier of  high technology products made of deformable aluminium alloys. The partners of the enterprise are the world largest companies dealing with aircraft engineering and shipbuilding, building,the power industry, machine building as well as the military industrial sector. The products of KUMZ are delivered to five continents and such countries as the USA, Canada, Brazil, France, Germany, South Africa, China, South Korea, Australia. Besides, the products were used in Vostok, Voskhod, Buran spacecrafts and orbital stations Salyut and Mir. The plant takes part in the foundation of the International Space Station and Sea Start program.

The deputy regional director of Ural subsidiary of Rosbank, Nikolai Padalka said, “KUMZ has been a partner of Rosbank for several years and we are glad to offer our credit funds to the enterprise. We are going to develop mutually beneficial partnership with large industrial companies of the Ural Region and provide them with the whole line of our high quality banking services”.

Source: http://www.metalinfo.ru/ru/news/58756

Translated by Alexandra Utyasheva