Sibsteklo increased stocks of raw materials and finished products

Dear colleagues, we are publishing news about a member of the Association "StekloSouz" of Russia LLC Siberian Glass (Sibsteklo):

For these purposes, Siberian Glass LLC (the largest manufacturer of glass containers beyond the Urals, an asset of RATM Holding) allocated part of the funds received from the placement of the second issue of bonds on the Moscow International Currency Exchange in the amount of 300 million rubles, which took place in October 2022.

The implementation of the project increased the efficiency of Sibstekl. Recall that the plant has mastered the production of more than 120 types of container glass, and only here in the Asian part of Russia they make green and brown bottles. The company's capabilities allow the simultaneous production of up to ten types of glass products.

“The transfer of glass melting furnaces and production lines from the production of one assortment to another takes from two to eight hours,” explains Anton Mor, General Director of Siberian Glass LLC. – To reduce time losses due to equipment downtime, we have created large stocks of glass containers and, thus, we meet the needs of customers, shipping them, including glass products that currently do not leave the conveyors.

The second part of attracted investments was used to replace the loan portfolio that was withdrawn according to the plan (Eurasian Development Bank, Industrial Development Fund, Sovcombank Factoring). Today bonds of the second issue of series BO-P03 (No. 4B02-03-00373-R-001, ISIN: RU000A105C93) are available at secondary trades. In January, the weighted average price of bonds on the Moscow Exchange was 101.33% of the face value of 1,000 rubles.