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.

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