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EXIMBANK OF RUSSIA signing a 1.5 bln RUB loan agreement with Schelkovo Agrohim JSCEXIMBANK OF RUSSIA signing a 1.5 bln RUB loan agreement with Schelkovo Agrohim JSC

30.04.2021

Schelkovo Agrohim JSC is one of the major domestic manufacturers of pesticides, and is listed among the TOP-3 in the market of plant protection products in the Russian Federation. The company supplies its products to all agricultural regions of Russia, CIS countries, and is actively entering the foreign market, with more than 70 products of Schelkovo Agrohim JSC being supplied abroad.

EXIMBANK OF RUSSIA JSC has signed a 1.5 bln RUB loan agreement with Schelkovo Agrohim JSC, for the purpose of financing the company's export contract costs. The financing attracted would allow the company to secure uninterrupted product supply to foreign buyers, broader sales geography, and significantly greater share of exports in 2021. The agreement implies availability of the insurance to be provided by EXIAR JSC, member of REC Group.

“By providing its financial instruments designed to support export projects at all stages of their implementation, EXIMBANK OF RUSSIA JSC contributes to broader geography of exporters' supplies. Schelkovo Agrohim JSC, winner of the “Exporter of the Year” award in Moscow region for 2020, is our reliable client. We look forward to further collaboration,” Azer Talybov, Chairman of the Board of EXIMBANK OF RUSSIA JSC, noted.

“The ever growing volume and intensification of our company's production allows us to enter the international markets more vigorously. Our volume of sales over the past year amounted to a little 20 bln rubles (excluding VAT). The new loan agreement with EXIMBANK OF RUSSIA JSC, member of REC Group, will contribute to performance efficiency and share of exports in the coming year,”- Salis Karakotov, General Director of Schelkovo Agrohim JSC, expressed his opinion.

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Schelkovo Agrohim JSC possesses large scientific base and 78 patents for its own inventions. The production facility is based on Shchelkovo Chemical Plant,with its history dating back to nearly 145 years ago. According to the year-end results, Schelkovo Agrohim JSC became winner of the “Exporter of the Year” award in Moscow region.


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