OREANDA-NEWS. December 13, 2013. Sviaz-Bank (Vnesheconombank Group) will make a loan in the form of an overdraft with a limit of 400 million rubles to the Titan Group of Companies, CJSC, in Omsk, Siberia, with a drawdown period of up to one year, for the company to increase its working capital.

Cooperation between the Bank and Titan GC began in 2010, and today the Bank continues to lend funds to the company, one of the biggest enterprises in its industry.

The Titan Group of Companies produces and brings to the market synthetic rubber, organic synthesis products, high-octane components of gasoline, and other feedstock for petrochemical enterprises. The group controls over a quarter of the Russian phenol market and produces around 27% of Russia’s methyltert-butyl ether (MTBE) output and 20% of its rubber.