European Bank for Reconstruction and Development (EBRD) provides Euro 13.8 million loan to the Ukrainian paper producer Kokhavynska Paper Factory (KPF).
The financing will support the expansion of KPF’s product range, an increase in production capacity and improvements to the company’s operating efficiency. These will be achieved through investment in new equipment, which will allow KPF to enter the pulp-based-tissue market segment. The new production facility will have a full-cycle, in-house manufacturing process.
In addition, more than Euro1 million will be allocated to the modernisation of a wastewater filtering facility as well as to energy efficiency and climate adaptation measures. These improvements will help to reduce water usage and to cut CO2 emissions by 2,400 tonnes a year.
Kokhavynska Paper Factory is one of the largest producers of recycled base paper and tissue and is located in western Ukraine.
