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 Gazprombankís subsidiary Gaztekhleasing. The projectís 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
1 Aug '14 | Real estate | Industry, manufacturing
31 Jul '14 | Technology & innovation | Finance, business
22 Jul '14 | Technology & innovation | Industry, manufacturing
 

Feature stories

17 Jul '14
Entomologists from St. Petersburg State University...
Search (News archive - 18824)
Russian Venture Capital Market Overview

Latest News

1 Aug '14
Comindware, a Russian IT developer, has rolled out...
1 Aug '14
The launch of the third and final stage of one of...
31 Jul '14
Scientists at TUSUR, one of the leading universities...

Most read stories from last week

29 Jul '14
According to analysts, the volume of the mobile games...
29 Jul '14
Serial production of photonic integrated circuits may...
30 Jul '14
The government-owned RVC Infrafund and a private...