Vyksa Steel Works (Vyksa), Novgorod-based pipe producing subsidiary of the Russian steel and pipe producer United Metallurgical Company (OMK), has been provided with a credit line totaling Ruble 3 billion (approx. $97 million) for a period of 18 months from one of the three largest banks in Russia, namely Gazprombank.
Accordingly, the borrowed funds will be used by Vyksa for its current economic activities.