Mar. 12 KuibyshevAzot BOD decided to approve a credit contract with IFC, the company informed.
The volume of the credit and its parameters are undisclosed.
The credit is backed by the $225mln worth assets of the Company.
KuibyshevAzot (TIN 6320005915) is included into the 10-list of the largest caprolactam producers in CIS and Eastern Europe. Now the Company is a leading producer of polyamide and a sole entity making cord fabric in Russia.
The 2012-net profit (IAS) was halved to 2.082bn rub.; revenues being down 5% to 31.27bn rub. from 32.92bn rub.; operating profit - to 3.25bn rub.
from 6.535bn rub.
The 9-month 2013 net profit declined 22% to 2.099bn rub.; revenues being up to 20.496bn rub. vs. 20.443bn rub. prior year; profit from sales dropped 30% to 2.961bn rub. from 4.238bn rub