OREANDA-NEWS. The Tula regional office of the Bank of Moscow provided a loan in the amount of 350 million roubles to PJSC Kosaya Gora Iron Works. The loan funds will be used to replenish turnover means of the plant aimed at the settlements with suppliers.

PJSC Kosaya Gora Iron Works was founded in 1897, and at present it is one of the largest enterprises in the metallurgic industry of the Tula region. PJSC KGIW holds strong positions among the leading Russian producers of high-purity blast furnace iron, manganese iron, industrial and ornamental casting. The enterprise successfully developed production of slag crushed stone and brick. The production of the plant is widely used in such industries as machine-building, metallurgy and construction.

"Further development of the cooperation with the Bank of Moscow is a priority and strategic area for our plant. Employees of the Bank of Moscow are a modern and dynamic team focused on customer needs, which is very conducive to the development of our business," said Natalia Leonova, Director for Economics and Development, PJSC Kosaya Gora Iron Works.

"Kosaya Gora Iron Works has been cooperating with the Tula office of the Bank of Moscow since 2013. We highly appreciate our existing partnership relations with the client, and we hope that our mutually beneficial cooperation will continue in the future," said Evgeny Monin, Director of the Corporate Sales Management Department, the Bank of Moscow.