The European Bank for Reconstruction and Development (EBRD) is considering providing a loan of up to Euro 50 million to Kronospan FLLC Belarus, to finance the expansion of the production capacity of its operating plant at Smorgon in Grodno region of Belarus.

Machinery

EBRD will provide Euro 50 million loan to Kronospan Belarus

Sep 12, 2014. /Lesprom Network/. The European Bank for Reconstruction and Development (EBRD) is considering providing a loan of up to Euro 50 million to Kronospan FLLC Belarus, to finance the expansion of the production capacity of its operating plant at Smorgon in Grodno region of Belarus. The proposed expansion will involve increased demand for wood as raw materials for the plant, HispanicBusiness reports.

The expansion of the existing particleboard (PB) production facilities without any additional land plot acquisition is associated with a limited number of environmental and social issues that can be readily identified and are site specific.

The project is located in the industrial zone adjacent to the existing Kronospan s particleboard production and MDF plants in Smorgon, north-west of Belarus.

The technology of the new PB production line and its design will be similar to Kronospan’s existing PB plant in Belarus, Poland and Russia, and will introduce Best Available Techniques (BAT), including a closed loop water system, air emissions control including bag filters and cyclones.

Kronospan FLLC is a wholly-owned Belarusian subsidiary of Kronospan Holdings East Limited, Cyprus. Kronospan is one of the market leaders in the wood-based panel sector. It manufactures wood-based panel products at 34 sites in 27 countries.