| Project Detail |
Project Description Provision of a senior long-term loan of up to €86 million to Klaipedos Mediena AB, a public limited liability company domiciled in Lithuania, and Vakaru Medienos Grupe UAB, a private limited liability company domiciled in Lithuania (as joint co-borrowers), to finance the construction and putting into operation of a new greenfield particleboard plant in Akmene (North Lithuania), as well as to restructure the co-borrowers balance sheets. Project Objectives The proposed facility will support the investment programme carried out by VMG Group in Lithuania. The proceeds from the EBRD loan will be allocated towards capex to finance the construction of a new greenfield particleboard plant in Akmene with a production capacity of 600,000 m3 of particleboard per annum. The project will enable Vakaru Medienos Grupe to increase its production capacity of particleboards and furniture using modern efficient equipment |
