Far East | Finance, business | Industry, manufacturing

VEB to loan $97m to RFP Group on Far East timber complex

7 Dec '10
Russian Forest Products Group (RFP Group) intends to take out a $97.3m loan with state-run Vnesheconombank (VEB), news agency RIA Novosti reports.

The funds are reportedly to be loaned for ten years, the interest rate has yet to be disclosed.

Under plans, the funds are to be invested into the first stage of construction of the Far East wood processing center in Khabarovsk region.

Under the first stage, the company is to build a rule box plant, with projected annual capacity of 300,000 cubic meters, in the city of Amursk.
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Locations: Amursk; Khabarovsk Krai

Tags: forest (36) / VEB (148) / Vnesheconombank (139) / Russian Forest Products Group (0) / RFP Group (0) /

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