Solomensky Lesozavod LLC received a loan from VTB for a wood pellet production project

VTB Bank provided Solomensky Lesozavod LLC a loan in the amount of RUB 376 million for a period of three years, reports “Interfax-North-West” with reference to VTB. The interest rate for using the loan has not been specified.

The borrowed funds will be used to organize the production of wood pellets with a capacity of 60,000 tons per year on the basis of the existing production complex.