The long-term senior loan of up to EUR 50 million to VMG Industry FLLC, a foreign limited liability company domiciled in Belarus, to finance the capacity expansion programme at its plant in Mogilev, as well as to partly refinance its existing debt portfolio.
The proposed facility will support the investment programme carried out by VMG at its particleboard and furniture plant in Mogilev. The proceeds from the EBRD loan will be allocated towards CapEx focusing on the capacity increase in its furniture manufacturing facility, improvement of competitiveness, energy efficiency and environmental performance.
VMG Industry FLLC, a foreign limited liability company domiciled in Belarus, active in the woodprocessing sector (particleboard and furniture manufacturing).
VMG Industry FLLC is part of VMG Group of companies, one of the largest Lithuanian groups engaged in wood processing (particleboard and furniture production) and related activities.
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+370 46 469 423
Liepu str. 68, LT-92100 Klaipeda, Lithuania
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