VTB Bank gave Uvadrev-Holding LLC a loan of 7.3 billion rubles

VTB Bank opened a line of credit to Uvadrev-Holding LLC — one of the biggest companies in Udmurtia’s wood processing industry. The loan of over 7.3 billion rubles is issued for the term of up to 10 years for implementation of an investment project on comprehensive production upgrading.

The project includes full upgrading of the company’s production facilities, which will result in increasing product output volumes, reducing its cost, and also starting up a new particleboard production line with E0.5 emission quality.