Senior secured loan of up to EUR 13.8 million in two committed tranches to Kokhavynska Paper Factory PrJSC (hereinafter the "Company"), one of the Ukrainian leading producers of base paper and sanitary tissue products manufactured from waste paper.
The Project assumes the construction of a facility for the production of pulp-based tissue products to meet growing demand for high quality tissue products. It will enable the Company to enter the higher quality retail tissue segment, double its tissue production capacity and improve operating efficiency. The CapEx for capacity expansion comprises tissue and converting machines, the construction of an industrial production and storage workshop.
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