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Mechel | 19 апреля 2019 г. | 15:24

Mechel’s hardware production upgrade project wins state support

Mechel’s hardware production upgrade project wins state support

Mechel reports that the Supervisory Board of Russia’s Industry and Trade Ministry’s Industrial Development Fund approved a low-interest loan to Mechel Group’s Beloretsk Metallurgical Plant for upgrading its wire and rope production facilities.

The project’s cost will total 1.5 billion rubles, with the Industrial Development Fund footing the bill for 50% of this sum, or 750 million rubles. The loan’s maturity is five years. ...

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