Credit Line for Russia's Largest Commercial Bank
Supporting the Overseas Manufacturing and Sales of Power Transformers by Japanese Companies

  • Area: Europe
  • Manufacturing and Services

JBIC signed a loan agreement with the Sberbank of Russia (Sberbank), Russia’s largest commercial bank, to provide the necessary funds through Sberbank for Limited Liability Company “Izhora Transformers” (IZT)*1, a joint venture of Toshiba Corporation and Open Joint Stock Company “Power Machines-ZTL, LMZ, Electrosila, Energomachexport”, to establish a factory for the manufacture and sales of power transformers. JBIC signed a separate loan agreement with IZT for this project in 2012. This loan will contribute to maintaining and strengthening the international competitiveness of the Japanese power machinery and equipment industry.

Note
  1. *1The company name changed to Power Machines Toshiba High-Voltage Transformers LLC on 17 December 2013.
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