VTB Bank has provided a one-year RUB 265 million facility to KuibyshevAzot. The funds will be channeled into financing the company’s current operations.
As part of cooperation with the company, JSC VTB Bank Shanghai Branch (China)
and Shanghai KuibyshevAzot Trading Co. Ltd. (China), a subsidiary of KuibyshevAzot, have entered into facility agreements amounting to USD 5 million.
VTB Bank and KuibyshevAzot have maintained long-term and mutually rewarding partnership relations since 2003. Besides lending, VTB offers settlement and cash services and provides foreign trade servicing to the company.
OJSC KuibyshevAzot is one of the leading companies of the Russian chemical industry. It is among Top10 world producers of caprolactam, a leader in PA-6 production in Russia, and a major manufacturer of nitrogen fertilizers.