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The Russian Export Center Group continues cooperating with UMMC

06/28/2021
The Russian Export Center Group continues cooperating with UMMC

EXIMBANK of Russia (Russian Export Center Group) extended the cooperation with PJSC “Sredneuralsk Copper Smelter” (“SUMZ”) (UMMC Group) by providing a new pre-export financing (PXF) credit line for RUB 10 bln.

The Russian Export Center aims to support the SUMZ export operations. The exports play a significant role in UMMC Group operations, so the company received timely and useful instruments from EXIMBANK and EXIAR.

“The companies of the Russian Export Center Group continue the cooperation with UMMC Group. UMMC has been our client for many years and established itself as the reliable and professional borrower. We are confident that our future cooperation will expand and strengthen” – commented Nikita Gusakov, Senior Vice-president of Russian Export Center.

“The execution of this credit facility confirms that we’ve chosen the right partner and the right path for our further export cooperation. We notice the remarkable support for exporting companies by the Russian Export Center Group which is of great assistance in current circumstances. As before, I would like to highlight the professionalism of the Russian Export Center Group and EXIMBANK teams as credit facility executors. For the recent year, this has been the third project in the pipeline with the Russian Export Center Group. As of now, UMMC has already cooperated with the Russian Export Center Group in five projects with PJSC “SUMZ” and JSC “Uralelectromed”, which were executed remarkably” – commented Andrey Kozitsyn, CEO of UMMC.

For reference:

PJSC “Sredneuralsk Copper Smelter” (“SUMZ”) is the largest primary copper smelter in the Ural region and one of the UMMC Group enterprises.

Ural Mining and Metallurgical Company (UMMC) is a Russian holding company focusing on mining and metallurgy. It is the biggest producer of copper, zinc, coal and precious metals in our country and encompasses over 40 enterprises both in Russian and abroad.