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2019-04-30 00:00:00
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Global producer of wood-based products, Kronospan, has secured EBRD investment for it’s Oriented-Strand Board (OSB) investment project. Alongside it’s production of wood-based panels, the company also makes value added products used worldwide in the furniture, construction and interior design sectors.
The project in the Ukraine represents a € 116million investment of which €75miilion will be spent in Novovolynsk constructing an OSB plant. The other €41million will be used to help restructure the company’s balance street and has been set aside for refinancing. The project aims to meet a growing demand for OSB products both within the Ukraine and it ins export markets.
In addition Kronospan plans to invest in a bio-mass boiler, transformer substation and WESP filter at the Novovolynsk site and create a cluster for furniture producers.
This is the second EBRD loan that Kronospan UA has applied for, the current loan awaits final Board approval.
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