As part of its cooperation with the Urals’ leading metallurgical companies, VTB Bank has issued a RUB 1.8 billion five year loan to Sredneuralsk Copper Smelter, allowing the company to refinance its current liabilities.
In addition, VTB has granted a RUB 100 million loan to Anatoly Serov Metallurgical Plant for covering operational costs and for refinancing an existing bank loan.
Both plants are affiliated to the Ural Mining and Metallurgical Company (UMMC), a key player in this sector of Russian industry.
First Deputy President and Chairman of the Management Board
Sredneuralsk Copper Smelter is the Urals’ leading producer of copper from primary raw material, processing waste gases into sulphuric acid and potassium butyl xanthate. Part of the UMMC Group since 2000.
Anatoly Serov Metallurgical Plant is part of the UMMC’s branch of ferrous metallurgy, the main subsidiary of the UMMC-Steel managing company. The plant produces nearly 400 grades of high quality rolled steel, ranking second among Russian suppliers of gauged steel bars, and one of top ten producers of profiled construction steel.