Sberbank has opened a credit line of 1 billion rubles to Zagorsky Pipe Works.
The money will be used to clear debts to the Insulation Pipe Works. According to the loan agreement, ZTZ has to clear the credit in 2018.
At the same time Sberbank has restructured the ZTZ debt of 4.1 billion rubles. The works has to pay all debts by October 2024.
In 2017 ZTZ plans to produce 150-200 thousand tons of pipes. (Ukrainian metal)