OREANDA-NEWS. July 19, 2013. VTB Bank has opened a three-year RUB 1 billion credit line to the Krasny Kotelshchik power engineering plant in Taganrog to finance expansion and operating costs.

Krasny Kotelshchik is the key production facility of one of Russia’s largest power engineering companies, EMAlliance, controlled by Power Machines Group.

"Supporting domestic producers is an important part of VTB’s business," said Valery Lukyanenko  a member of the VTB Management Board. "I hope that cooperation with VTB will help the company maintain a strong foothold in the market as well as promote further growth."