EBRD allocates 8 mln euro to Finland's AB Rani Plast for building a polythene film plant near Kaluga
MOSCOW. Nov 9 (Interfax) - The European Bank for Reconstruction and Development (EBRD) has allocated the Russian subsidiary of Finland's AB Rani Plast OY a loan worth 8 million euro for the construction of a plant that will produce polythene film outside of Kaluga, the bank said in a statement.
The funds will be presented over nine years.
Total investment in the construction of the plant comes to 20 million euro.
AB Rani Plast is a private Finnish company that specializes in the production of polythene film for agriculture, consumer goods and electrical insulation.