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VTB expands cooperation with JSC Omsktekhuglerod

9 August 2011

VTB Bank granted a 282 mln VAT recovery guarantee to Polycarbon LLC, a company of Omsktekhuglerod Group of Companies, under a credit limit set for the group in July 2011.

Omsktekhuglerod Group of Companies is the largest manufacturer of technical carbon in Russia. Cooperation of VTB and companies of the group has been actively expanding since early 2011.

Nikolay Ustinov, Senior Vice President of VTB Bank, said: “VTB is interested in developing long-term partnership and ready to offer the whole range of financial products and services as well as high profile international experience to support efficient growth of Omsktekhuglerod Group of Companies”.

For reference:

JSC Omsktekhuglerod Group of Companies is a leader in production of technical carbon in Russia and worldwide. It unites two production units in Omsk and Volgograd. The company cooperates with the leading world concerns manufacturing tires, general mechanical rubber goods, plastic, paints and other products containing technical carbon.

Polycarbon LLC is a member of Omsktekhuglerod Group of Companies supplying technical carbon to global and Russian markets. The products are supplied to the countries of Eastern and Western Europe, Scandinavian countries, Middle East, North America, Asia and the CIS.

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