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Oriented strand board plant project, Belarus

7th June 2013

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

  

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Name and Location
Oriented strand board (OSB) plant project, Mogilev region, Belarus.

Client
Kronospan OSB FLLC, a 99%-owned Belarusian subsidiary of Kronospan Holdings East Limited.

Project Description
The project involves the construction of an OSB plant in the Mogilev region of Belarus.

The OSB facility will have a production capacity of 500 000 m3/y – 300 000 m3 in Phase 1 and 200 000 m3 in Phase 2.

The plant will use up to 1.1-million cubic metres a year of round wood.

Value
€200-million.

Duration
Phase 1 will start this year.

Latest Developments
The European Bank for Reconstruction and Development (EBRD) is considering a two-tranche senior loan – Tranche 1 at €65-million and Tranche 2 at €35-million – for Kronospan to finance construction of the OSB plant.
Tranche 1 of the loan will finance the construction of Phase 1 of the project, with production capacity of 300 000 m3.

Key Contracts and Suppliers
EBRD (loan finance).

On Budget and on Time?
Not stated.

Contact Details for Project Information
Kronospan, tel +375 1 59 26 32 76, fax +375 1 52 2632 77 or email info@kronospan.com.by.
EBRD project enquiries, tel +44 20 7338 7168,
fax +44 20 7338 7380 or
email projectenquiries@ebrd.com.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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