OREANDA-NEWS. March 14, 2014. The Perm branch of Sviaz-Bank (Vnesheconombank Group) entered into a general agreement with the Perm Flour Mill OJSC on a revolving framework credit line of 150 million rubles to be opened to the company for a drawdown period of 27 months.

The borrower will use the loan funds to purchase grain for milling. The branch has issued a first tranche of 50 million rubles within the agreement framework.

The Perm Flour Mill OJSC produces approximately 1.5% of all flour milled in Russia, up to 15,000tons every month. The range of the mill’s products includes several grades of flour, and is expanding consistently. The mill’s output is growing.

“The output of the Perm Flour Mill OJSC is in demand in the Kama riverside area, the republics of Komi and Udmurtia, and Tyumen and Sverdlovsk regions. By entering into cooperation with the mill, therefore, we see broad prospects and opportunities, and are aware of our role in this important industry for the Russian population. The mill is an example of a Russian enterprise that operates steadily and increases its output constantly, which is very significant for our country,” said Sergey Yaremchenko, the branch Manager.