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UMMC Group and Sberbank expand cooperation

UMMC Group and Sberbank expand cooperation

PJSC Sberbank (the Bank) and JSC Siberia-Polymetall (the Company, one of the mining plants of UMMC Group) have signed an agreement on establishing a strategic cooperation. The goal of this cooperation is defined to implement various products and services of Sberbank ecosystem into the mining production process of JSC Siberia-Polymetall to increase the overall company efficiency.

Under the Agreement the Company plans to develop the production systems and to introduce new technical and digital solutions. The Company expects to boost its production efficiency (including in the segment of ore and concentrate transportation), to improve loading efficiency, to optimize repair and maintenance plans and maintenance of pumping equipment, to increase the efficiency of technological processes at grinding and flotation production units, as well as to implement other IT and technological solutions.

Alexey Grenkov, Vice President, Head of Key Client Coverage, Sberbank,

“The Agreement signed today with the UMMC Group was a logical expansion of our long-lasting partnership. Sberbank successfully understands the needs of its key clients and strives to offer the solutions not only within the framework of traditional business optimization, but also in the area of digital transformation services. Henceforth our client — UMMC Group — receives the possibility to benefit from the high-tech services and the products of Sberbank ecosystem and to improve production efficiency and to enhance the further company development.”

Andrey Kozitsyn, Chief Executive Officer, UMMC,

“We are highly interested in achieving this new stage of the cooperation with one of the most technologically developed banks and one of our key partner banks. Nowadays, together with Sberbank we develop a number of strategical projects of UMMC Group. Aside from the financial sphere, we are pleased to collaborate with the team of Sberbank in the area of high-tech solutions. We aim to replicate successful, efficient and further solutions. That will keep us at the leading position in a highly competitive environment.”