EXIMBANK of Russia extended the cooperation with PJSC “Sredneuralsk Copper Smelter” by providing a new pre-export financing credit line for RUB 10 bln.
Raiffeisenbank acts as the documentation agent and facility agent under this facility.
The programme encompassed eight plants.
Production ramp-up has been achieved by building up technical resources and adopting operations transformation programme.
The new high production rate was achieved due to the stable supply of raw materials, the seamless and consistent revamp, and the intensification of production processes.
The credit facility is to support the UMMC’s environmental initiatives in the regions of its presence.
Annual output has surpassed that of 2018 by 300kt.
JSC SOGAZ has a good experience of the cooperation with UMMC Group’s companies in implementing equipment property insurance programs.