In April 2010, JSC VTB Bank provided a one-year RUB 1 billion loan to JSC Pervouralsky Novotrubny Works (member of ChTPZ Group). The funds were granted under the guarantee of JSC Chelyabinsk Tube Rolling Plant to finance current activities and refinance loans of other banks.
Tube companies of ChTPZ Group have been the Banks’ customers since 2005. The Bank actively financed the Group in early 2008. In spite of the crisis affecting the industry every liability to the Bank was discharged in time and in full.
ChTPZ Group is one the leading industrial groups of the Russian metallurgical complex. According to 2009 results the Group’s total shipment share accounted for 16.5%.
ChTPZ Group unites the iron industry companies: JSC Chelyabinsk Tube Rolling Plant, JSC Pervouralsky Novotrubny Works, JSC Meta, a scrap metal storage and processing company, CJSC Trading House Uraltrubostal, a metal trade subdivision, and Rimera Company, an oilfield service division.