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Shklov-based newsprint mill is expected to be commissioned by the end of the current year, Belarusian First Vice Premier Vladimir Semashko told the parliament.

As formerly reported by Interfax, Belarus' government provided a $2 million budget loan to Shklov newsprint mill.

The loan is intended to rev up the newsprint mill's circulation assets, and shall be paid back within a two-year period, starting January 1 2014 in fixed instalments.

The Shklov-based newsprint mill is expected to fully satisfy domestic demand.

As was formerly reported, in line with the business plan, the Shklov- based newsprint mill will make 40,000 tons of newsprint annually, which will be enough to completely satisfy local demand and export surplus products abroad.

The investment project to the construct a newsprint mill in Shklov was adjusted in terms of the future enterprise's capacity and financing required.

In particular, the planned capacity of the company has been reduced from 200 thousand tons to 40 thousand tons a year. Besides, the volume of investments required was cut from $400 million to $96 million.

The adjusted project now includes the plans for the creation of an enamel-paper shop (20 thousand tons of paper a year) and a saw materials shop (107.8 thousand cubic metres a year). The company's exports will make 20 thousand tons of newsprint, 10 thousand tons of enamel paper and 86.2 thousand cubic metres of saw materials a year.

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