Russian manufacturer of ferrous-based alloys Chelyabinsk Electrometallurgical Complex has secured a one-year $33.5 million credit facility from Russian state-run bank VTB. The funds were granted under terms of unsecured lending to finance the complex's current activities.
Chelyabinsk Electrometallurgical Complex consists of more than 50 structural subdivisions involved in ferroalloy and electrode production. The company, which employs nearly 8,000 people, produces more than 120 types of ferroalloys and alloys, and more than 40 types of electrode products.