Tag: credit

Otkritie Bank opened a credit line to ULK Group of companies in the amount of $725 million

The line is open for three years, until December 25, 2026. These funds will be used for current business and investment projects of ULK Group – the Russian largest timber procurement and production holding. For 2020, ULK Group plans...

The timber holding Segezha Group and the Russian branch of the Chinese Bank Industrial and Commercial Bank of China (ICBC) signed an agreement on the opening of a revolving credit line for two years with a limit of 2 billion rubles

This was reported on the official website of Segezha Group. The company needs the money to Finance the current activities of Segezha Group and is attracted in rubles. “We consider the opening of a credit line in a...

Russian Timber Journal №01-2019: the eight-year work of the existing head of Rosleskhoz was assessed as unsatisfactory; WhatWood summarizes the preliminary results of the LPK for 2018; the company “Solikamskbumprom” took a loan of 27 million euros; Segezha Group completed the design of a new pulp and paper mill in the Krasnoyarsk region; prices and volumes of production of LPK in Russia for 4Q 2017-2018

Russian Timber Journal №01-2019: summed up the first results of the LPK for 2018; basic prices for round wood and lumber; prices for the products of LPK in Russia for 2017-2018; exchange rates to the US dollar from...

For the development of its own production JSC “Solikamskbumprom” took 27 million euros in the Black sea trade and development bank

Black sea Bank of trade and development (BSTDB) has provided JSC “Solikamskbumprom” the seven-year loan in the amount of 27 million euros. The loan will focus on expanding the capacity and improving the efficiency of production of newsprint,...

Russian timber industry news #11-2016

– Kiev cardboard and paper mill (Ukraine, belongs to Pulp Mill Holding along with Russia’s Arkhangelsk PPM) became completely independent of the Russian market of wastepaper: over a four-month ban on the wastepaper exports from Russia, the plant...

Bank Sankt-Peterburg to credit troubled Kondopoga pulpmill and suggests mill conversion

Petrozavodsk, February 05. Karelia governor Aleksandr Hudilainen announced that Bank Sankt-Peterburg was chosen as investor for troubled Kondopoga pulpmill. “We will be crediting the pulpmill, but we are not going to enter this business”, bank’s press service told...

Baikal pulpmill set on bankruptcy administration and received €11.4 million VEB’s credit

Irkutsk, December 28. Arbitration court set bankruptcy administration at Baikal pulpmill until June 05, 2013 following the request of the external administrator. The mill is bankrupted, and Aleksandr Ivanov is appointed its insolvency administrator. At the court session,...