AO UniCredit Bank and JSC "Cheboksary Enterprise "Sespel" have signed a 200 million ruble 4-year credit facility agreement. The funds will be used to finance the construction of a plant for the production of tank-containers intended for the storage and transport of liquids, liquefied gases and solids.
Large-scale investment project on organization of production of tank containers, which the JSC "Cheboksary Enterprise "Sespel" is going to implement, has been recognized as a priority project for the Chuvash Republic and received approval and support from the regional government. The total cost of the project will be about 200 million rubles, its implementation will be executed in 2016 - 2017.
“UniCredit Bank has a long-term partnership relations with Sespel”, commented Svetlana Zolotareva, Head of Mid-Market/Regions Department of UniCredit Bank, “The Bank is the main financial partner of the company and we are pleased to support such an important project for the Chuvash Republic, which will not only promote the development of domestic industry, but will also create new jobs in the region".
JSC "Cheboksary Enterprise "Sespel" is one of the leading Russian suppliers of specialized equipment for the carriage of bulk and liquid cargo for companies working in such sectors as transport, construction, agriculture, oil and gas, chemical, food and processing industry.