Bank of Moscow Provides Funding to Multisectoral Production Company
OREANDA-NEWS. The Bank of Moscow extended a credit facility of RUB 298 million to Multisectoral Production Company KRZ CJSC. The credit facility was provided for 3 years for replenishment of working capital.
Multisectoral Production Company KRZ CJSC was founded in 1992. It is the successor to Ryazan Cardboard and Tar Paper Works created in 1962. The company’s core activity is the production of soft roofing and waterproofing materials. It also produces corrugated cardboard and containers from corrugated cardboard, hygienic products, bitumen and floor polishes. The factory was included in top 26 Russian enterprises of all industries and for already 13 years has been among top 100 enterprises in the construction sector of Russia; it was recognized with a banner and a certificate "Leader in the construction sector of Russia", and was awarded the title of the elite in the construction sector of Russia." The company supplies its products almost to all Russian regions, former CIS countries and foreign countries (Bulgaria, Romania, Mongolia, Ukraine, Belarus, Kazakhstan, etc.).
"We believe that the Bank of Moscow is a stable and reliable financial partner: the necessary funding was provided by the Bank in due time and in accordance with the previously announced transaction parameters," noted Mikhail Nazarov, Deputy General Director for Economy and Finance, Multisectoral Production Company KRZ.
"Work with corporate customers always has plenty of subtleties and peculiarities, and it is necessary to understand the specifics and requirements of customer business to be able to offer the necessary services and best terms. In our work, we strive to provide banking services at the highest level, and we hope for further fruitful cooperation with KRZ," said Evgeny Monin, Director, Corporate Sales Management Department.