Minsk, 28 August 2014. Eurasian Development Bank (EDB) and the Alutech Group of Companies signed today a EUR 25 million loan facility agreement for three years. The facility will be available for the Group’s manufacturing enterprises Alumin Techno, Alutech Inc. and Alutech Door Systems.
In accordance with the agreement, the loan will be used to develop the Group’s business and ensure the supplies and exports of Belarusian metal products to Russia.
“The Alutech Group of Companies has stable financial indicators, which are improving continuously. Given its good standing, Alutech can obtain loans on very good terms, which is proven by the agreements signed today. The loan will make it possible to boost production and ensure additional revenues for the Group’s enterprises,” says Gennady Zhuzhlev. “The project will promote the enhancement of mutual trade between Belarus and Russia, where the Group supplies approximately 65% of its products. The loan will make it possib...28 August, 2014
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