Afrisovgaz to receive more than 0.5bn rubles loan from Savings Bank of Russian Federation

Srednerussky Bank, Savings Bank of the Russian Federation has signed an agreement on issuing a loan of 527M rubles to Agrisovgaz. This is by far not the first such a large-scale joint project of the Savings Bank and Agrisivgaz. The investments Agrisovgaz will receive this year will be spent on building of hot-dip galvanizing plant. The total cost of the project will reach about 855M rubles including the Bank’s share reaching 61.6% (527M rubles). Reportedly, Srednerussky Bank will invest the total of more than 2bn rubles in building of a network of Agrisovgaz plants in the future.
Agrisovgaz specializes in manufacture of aluminium profiles, steel tubes, and galvanized steel structures.
Prospects of diversification of production of Russian aluminium enterprises will be discussed at Aluminium: Alloys, Rolled Products and Profiles for Industry and Construction, 3d International Conference in May 2011 in Moscow.