Nizhny Novgorod Machine Producing Plant will get 5 Billion Ruble Credit

“Almaz-Antey” JSC will be guarantor of the credit. 22.Oct.14 6:24 PM By Mihail Prygunov Photo rove.biz    453

Nizhny Novgorod Machine Producing Plant is planning to attract new investments up to 5 billion rubles. The information is provided by “NTA-Volga region” publication. Such deal has already been approved during the meeting of directors of the biggest enterprises of the region. The factory will get this credit. “Almaz-Antey” JSC will be guarantor of the credit with 11.2% interest rate. The term of the crediting is 1 625 working days. The factory is obliged to pay back all funds in one payment not later that after 1 825 working days after the credit is provided. These funds are necessary for replenishment of working capital that is related to performing current obligations and complete all terms and conditions of already signed contracts. Nizhny Novgorod Machine Producing Plant builds new production lines for air defense and other military systems. Production line will be totally completed by the end of 2015. Its production capacity will be two times higher in comparison with already existing level. Production space consists of 128 thousand square meters.

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