Titan-Polymer Plant construction will be financed by one of the largest banks in Russia with the involvement of funds from the Industrial Development Fund.
The project implementation bases on the project financing principles and implies the credit accommodation under the guarantee of future money flows.
12,8 billion ruble
The finance volume within the credit agreement for a 10 years period signed with Gazprombank (Joint Stock Company) is more than
Deputy Chairman of the Management Board of Gazprombank (Joint Stock Company)
Gazprombank has been cooperating with the Group of companies Titan for two years. The Bank is already financing the project on modernizing phenol and acetone production, as well as arranging isopropyl alcohol production at the plant facilities of Omsky kauchuk enterprise. We highly appreciate our participation in the Group’s strategic projects and plan to continue supporting the implementation of our large-scale investment program, including particularly import substitution. We should add that amidst the pandemic the production of personal protective equipment with components supplied by Pskov Plant Titan-Polymer Limited Company is of particular importance.