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
12 May '17 | Technology & innovation | Industry, manufacturing
21 Apr '17 | Technology & innovation
14 Apr '17 | Finance, business | Industry, manufacturing
10 Jan '17 | Technology & innovation
8 Dec '16 | Technology & innovation
 

Feature stories

7 Sep '17
26 Jul '17
Scientists at Tomsk Polytechnic (TPU) in Siberia have...
20 Jun '17
In regions most of European Russians will hardly ever...
Search (News archive - 21159)
Advertising
Marchmont News
Advertising
Nano & Giga Symposium

Latest News

22 Sep '17
Super-hard and durable glass ceramics is being...
21 Sep '17
Ruselectronics, a large state-owned electronics...
20 Sep '17
Three major Russian institutionsóthe Far East...

Most read stories from last week

22 Sep '17
Super-hard and durable glass ceramics is being...