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MAGNITOGORSK TECHNOSTROY WAS DECLARED BANKRUPT

... included in them obligations to VTB Bank for 23.4 million rubles. The developer has been engaged in the construction of residential and non-residential real estate since 2011. Thus, the company became known for its participation in projects for the construction of agglomeration plant No. 5 for MMK (Magnitogorsk Iron and Steel Works). In 2019, the launch of production, where iron ore is processed into agglomerate, was called the main event of the year at the Metal Expo metallurgical forum. In recent years, Technostroy's revenue has been rapidly declining....

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