OREANDA-NEWS. The Bank of Moscow has opened lines of credit totalling to USD 700 million for companies of LMC Group - Lysvensky Metallurgical Plant, CJSC and INSAYUR-Autotrade-TL, LLC. Validity of credit lines is 12 months. The funds are provided to finance the ongoing operations of the Group's companies.

"The Agreement on financing of LMC Group's companies has demonstrated the strength of our relationship with the Bank of Moscow and become the confirmation of plans for our further cooperation", - said Sergey Rezontov, the Chief Financial Officer of LMC, MC.

"The Bank of Moscow has been cooperating with LMC Group for more than three years, and during this period the Group's companies proved themselves as bona fide borrowers. I am confident that our cooperation will continue to be fruitful and will help the Group's companies to develop dynamically,"- said Evgeny Monin, the Director of Corporate Sales Management Department of the Bank of Moscow.

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Lysvensky Metallurgical Company (LMC) unites Lysvensky Metallurgical Plant, CJSC (LMP, CJSC; previously - Polysteel, CJSC, Lysva town, Perm Krai), INSAYUR-Autotrade-TL, LLC (Tolyatti city, Saratov region) and LZEP, OJSC (previously - LMP JSC, OJSC, Lysva town, Perm Krai). LMP, CJSC is the only Russian manufacturer of electrolytically galvanized rolling and pre-painted rolling on its base for the automotive industry, the construction industry and the general engineering industry. INSAYUR-Autotrade-TL, LLC is a trading company; its main specialization is the realization of galvanized rolling to the enterprises of automotive industry and metals with protective coatings for the construction industry and household appliances production industry. LZEP, OJSC is one of the largest Russian manufacturers of enamelware and consumer goods. The sole executive body of LMP, CJSC and INSAYUR-Autotrade-TL, LLC is Lysvensky Metallurgical Company, MC (LMC, MC).