OREANDA-NEWS. August 17, 2012. Sviaz-Bank’s branch in Yekaterinburg is to provide funding to Uralchimplast OJSC in the form of two revolving credit lines, reported the press-centre of Sviaz-Bank.

The first line of 250 million rubles will be issued within the framework of the current limit, and a new line will be opened for another 100 million rubles, both for a drawdown period of 18 months. The borrower plans to use the credit funds for building up its working capital.

Uralchimplast OJSC is Russia’s biggest producer of synthetic resins and plastics. The company’s products are used by enterprises in the engineering and metal industries, construction and woodworking, oil and gas industries, cable making, and the light industry, among others.