Kronospan $40 million financing

Overview:

• The Ukrainian arm of Kronospan secured a €40 million loan to partly finance the refurbishment of its production facilities. 
• Kronospan is an international wood product manufacturer based in Cyprus. 
• The loan will go towards funding replacing the company's multi-daylight press with a continuous particleboard press, expanding its pre-production area, and installing a new bio-mass boiler and filter.
• Kronsopan provided €27 million to finance the work.

Ben Naylor - Regional editor