Volga | Industry, manufacturing | Finance, business

EBRD to loan $195m to RusVinyl to finance $1.3bn project

23 Jul '10
RusVinyl, a JV set up by SIBUR Holding and Belgium’s SolVin, has announced plans to take out a $195m loan with the European Bank for Reconstruction and Development (EBRD).

The loan terms and interest rate have yet to be disclosed.

Under plans, the funds are to be invested into construction of a complex to produce polyvinyl chloride, with power capacity of 330,000 tons, in Nizhny Novgorod region.

As Marchmont wrote earlier, total investment into construction of the plant is estimated at $1.3bn (see news of July 14, 2010).
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