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VTB Bank opens credit line to Krasny Kotelshchik plant

 
8 July 2013

©tkz.su

VTB Bank has opened a three-year RUB 1 billion credit line to the Krasny Kotelshchik power engineering plant in Taganrog to finance expansion and operating costs. Krasny Kotelshchik is the key production facility of one of Russia’s largest power engineering companies, EMAlliance, controlled by Power Machines Group. 

"Supporting domestic producers is an important part of VTB’s business," said Valery Lukyanenko of VTB’s Management Board. «I hope that cooperation with VTB will help the company maintain a strong foothold in the market as well as promote further growth."

For reference:

The Taganrog boiler plant, Krasny Kotelshchik, or TKZ (a key production facility of one of Russia’s largest power engineering companies, EMAlliance, controlled by Power Machines Group), is one of the largest facilities in the national power engineering industry, established in 1896. There are hundreds of references to domestic and overseas equipment supplies known as TKZ brand. Maintaining energy efficiency and environmental safety at the international level is the priority of the plant’s management.

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