Bank of Moscow Funds Kireyevsk Works of Light Metal Structures
OREANDA-NEWS. The Bank of Moscow has opened a loan facility for OJSC Kireyevsk Works of Light Metal Structures (Tula Region) in the amount of RUB 200,000,000. The loan funds will serve to organize the production of sandwich-panels using imported equipment (Italy). The project provides for the non-stop production of insulated sandwich-panels from urethane plastic foam at OJSC KWLMS.
Today, OJSC Kireyevsk Works of Light Metal Structures is one of the major Russian manufactures of metal structures that meet modern requirements of the construction industry. Its products are widely used for the construction of industrial, agricultural, storage and office buildings, as well as sports, cultural and recreational facilities.
Evgeny Monin, Director of Corporate Sales Management Department of the Bank of Moscow, said: "The Bank of Moscow is actively engaged in providing loans for businesses of the real sector of economy. We are glad the funds allocated by the Bank will allow our client to diversify the range and raise the quality of the products".
Vitaly Gorelnikov, CEO of OJSC Kireyevsk Works of Light Metal Structures, said: "Since 2012, the Bank of Moscow has been our reliable and trusted partner, which is particularly important for the implementation of long-term complex structural projects. The professionalism of the Bank’s staff helps them to efficiently deal with any task that may emerge during project implementation and find most fitting solutions".