OREANDA-NEWS. October 21, 2010. Pursuant to the agreement signed between RBD and AKB Spurt a number of modernization projects is being implemented, reported the press-centre of RBD.

Bank Spurt used RUR 100 million out of the funds extended by RBD under the Program Financing for Innovations and Modernizationк for financing the purchase of equipment for modernization of production of breadstuffs in Kazan and for expansion of production of breadstuffs and water and kvass canning in Yoshkar-Ola.

The remaining RUR 150 million were transferred to Kazan Polymer Plant for purchase equipment for production of chemically (physically) sewed cellular polyethylene.