OREANDA-NEWS. February 01, 2012. SME Bank (Vnesheconombank Group), AKB PERESVET and Betam (Novouralsk, the Sverdlovsk Region) have financed a modernization-related project of a concrete products plantб reported the press-centre of SME Bank.

OOO Betam has attracted resources under “Financing for Innovations and Modernization” Program of SME Bank in the amount of RUB 80 million for a 7 years period. The project size is RUB 94 million, thereof 14 million are invested out of the company’s own funds.

“The company will use borrowed funds for natural gas supply infrastructure of the plant, purchase of a reinforced frames’ production line, modernization of rock-crushing and screening plant and renewal of a concrete mixing station. It will enable to expand the product line by far, to cut down product costs and as a consequence to offer competitive prices”, commented Nikolai Kurilov, Director of Betam.