Volga |

Biaksplen invests $29m in new polyfilm production equipment

21 Jan '08
Balakhna-based Biaksplen (a subsidiary of Moscow company Mosimpex Service Ltd) is finishing the installation of new equipment manufactured by French company DMT to produce polypropylene film. The total amount of investment in this project is expected to reach $29m.

Previously Biaksplen signed an agreement with French bank Natexis Banques Populaires to get a $27m loan through Russian bank Gazprom for the period until 2011. These funds were spent on purchasing the necessary equipment from DMT under a financial leasing scheme through Gazprombank’s subsidiary Gaztekhleasing. The project’s estimated payback period is three and a half years.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations:

Latest News: Volga
5 May '15 | Technology & innovation | Finance, business
27 Apr '15 | Technology & innovation | Industry, manufacturing
10 Apr '15 | Finance, business | Technology & innovation
 

Feature stories

22 Apr '15
9 Apr '15
Search (News archive - 18936)
Technology Commercialization
Advertising
Hi-tech Technopark Association of Russia

Latest News

6 May '15
Scientists in St. Petersburg have developed an...
5 May '15
Startpack, an innovative IT company based in...
29 Apr '15
Central Russia’s first Nuclear Medicine Centers...

Most read stories from last week

6 May '15
Scientists in St. Petersburg have developed an...
8 May '15
Siberian scientists in Krasnoyarsk have developed a...
5 May '15
Startpack, an innovative IT company based in...