New HDG plant to be built in Russia’s Kaluga region

Tuesday, 24 August 2010 16:58:07 (GMT+2)

The Russian industrial complex Agrisovgaz plans to build a new hot dip galvanizing (HDG) plant in Russia's Kaluga region, the total investments in which will amount to Ruble 855 million (about $27.85 million), Srednerussky Bank, a subsidiary of Sberbank, said in a statement.

Accordingly, Srednerussky Bank's share in the project will amount to 61.6 percent, with the bank providing an investment loan of Ruble 527 million (about $17.2 million) to Agrisovgaz. 

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