1 Oct 2009 14:07

Chelyabinsk pipe mill borrowing 18.6 bln rubles from Gazprombank

CHELYABINSK. Oct 1 (Interfax) - Chelyabinsk Tube Rolling Plant (ChTPZ) is borrowing 18.6 billion rubles from Gazprombank, the company said in a statement.

ChTPZ earlier said it was only borrowing 10 billion rubles from the bank.

State guarantees of up to 5 billion rubles for the proposed credit facility were approved for the pipe mill in September. The mill was entered on a list of backbone enterprises in December 2008.