By results of 2013, total debt of OMK made up 67 billion rubles
Edited by vadim / 2014-04-21 08:17:17
Finance Metals and mining Russia Financial results United Metallurgical Company (OMK) Russia Metals and Mining Steel
By results of 2013, the leading Russian producer of large diameter pipes United Metallurgical Company (OMK) increased its debt by 40% to 67 billion rubles because of acquisition of Blagoveshensk valve plant (Bashkortostan) and attraction of money into its circulating assets, OMK’s president Vladimir Markin reported.
At the same time, its short-term liabilities made up less than 30% of the total debt amount. On the safe side, OMK gained support of a number of banks for possible refinancing of the debt.
