Estonia's Kaamos Timber secures Euro15 million loan from European Bank for Reconstruction and Development (ERBD). Kaamos Timber to build a new sawmill in south Belarus. A new privately-owned sawmill will be constructed on a brownfield site near one of the country’s oldest towns Mozyr.
A 7-year EBRD loan of up to Euro15 million will finance a production facility, which will annually produce around 250,000 m3 of sawn softwood. It will be exported to existing and new markets.
The Mozyr sawmill, owned by Kaamos Timber AS of Estonia, will create around 100 new jobs in Mozyr and help Kaamos Timber to almost double its annual production capacity in Belarus to 450,000 m3 of sawn softwood.
