AO ROSEKSIMBANK, a member of the REC Group, extended pre-export financing by providing a second revolving credit line in the aggregate amount of up to 10 billion rubles to PJSC Sredneuralsky Copper Smelter (PJSC SUMZ), a member of the UMMC Group.
Support from the Russian Export Center (REC) is aimed at financing the borrower's costs for the production of export products. Export deliveries make up a significant share in the revenue of the companies of the UMMC Group, allowing full use of the capabilities of ROSEXIMBANK JSC and EXIAR JSC.
“Companies of the Russian Export Center Group continue to cooperate with the UMMC Group. The UMMC Group has been our client for several years now and has established itself as a reliable partner and high-quality borrower. I am sure that in the future our cooperation will only expand, "said Nikita Gusakov, senior vice president of REC.
" The conclusion of this transaction confirms that we have chosen the right partner and the right vector of cooperation in the field of export. We see real support for exporting companies from the REC Group, which is important in the current environment. As always, I would like to note the professionalism of the team of the Russian Export Center and JSC ROSEXIMBANK as the organizers of the transaction. Over the past year, this is already the third project with the REC Group, and there are only five of them to date. And in all projects for PJSC "SUMZ" and JSC "Uralelectromed" our partners have worked impeccably ", - commented General Director of UMMC Andrey Kozitsyn.
For reference:
PJSC" SUMZ "is the largest in the Urals, an enterprise for smelting copper from primary raw materials, part of the UMMC Group.
The Ural Mining and Metallurgical Company is a Russian mining and metallurgical holding, the largest producer of copper, zinc, coal and precious metals in the country, uniting more than 40 industrial enterprises in Russia and abroad.
