New cartonboard producer in Belarus
Belarusian Wallpaper holding management company on the basis of the Labour Hero
Dobrush Paper Mill branch (Republic of Belarus) implement the Belarusian-Chinese investment project of coated and uncoated cardboard production. The total value of the project is $348,6 million. The main contractor is Chinese company Xuan Yuan Corporation. China Development Bank unveiled a loan for absolute contract cost financing, writes Bumprom.ru.
According to the Bellesprom press-center announcement there are more than 1 thousand people are working over the plant construction.
Simultaneous with construction works it is providing an equipment installation. The production capacity of new plant amounts to 200 thousand tone of cardboard in a year. Project execution is scheduled for 2016-2017.