The management of «KZOTSM» («Kirov factory for processing non-ferrous metals») has signed an agreement with representatives of the Volga-Vyatka branch «Sberbank of Russia» to open a credit line in the amount of 260 million rubles. «The money, which the plant will use throughout the year, the company's management needed to make up for the deficit of working capital," — commented on the event representatives of the organization.
JSC «KZOTSM» — the largest enterprise in the Russian sector of non-ferrous metals. Since 2000, the organization became a member of «UMMC» («Ural Mining and Metallurgical Company» — the second producer of CM in Russia on volumes of production of copper). The main specificity of the Kirov plant — copper anodes and pipes, as well as rental (ribbons, sheets, strips, profiles, plates, rods, wires) from copper, brass, bronze, nickel and copper-nickel alloys. Last year in the total amount of non-ferrous metals «KZOTSM 'share of rolled copper was 47.4%, brass — 51.1%, Bronze — 0.7% and production of copper-nickel alloys — 0.8%.
In general, the statements of market analysts, despite the difficult period for the non-ferrous metallurgy, «Kirov factory for processing non-ferrous metals» is stable. Management of the company is constantly developing production, developing new products, investing in the social sphere and zealously monitors the quality of the produced steel.
Earlier it was reported that the JSC «KZOTSM» ended 2012 with a slight increase in the last year their performance by increasing the production volumes of copper and alloys on its basis by 2.2%. Basically, positive dynamics have provided products such as electrical steel and bars of brass alloys. In addition, the factor of growth indicators have the merit and the relatively new position for the plant nomenclature. This is particularly thin tape for the production of heaters (for «Shadrinsk AZ» and plant «Orenburg Radiator»), as well as tapes of copper-nickel alloy for the coinage MN25 Party commemorative coins dedicated to the 2014 Olympic Games.