Shklov Newsprint Mill will get a loan of $1.409 million for current assets, Interfax learnt from the press service of the Belarusian government.
Shklov Newsprint Mill is expected to be produce 24,000m tones of paper in 2008.
As formerly reported by Interfax, there are only 10 newsprint mills of the kind in the world. The construction of the Belarusian one cost 20% cheaper than that of foreign analogues, and its consumption of energy is expected to be 40% lower.
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.
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.
In future the annual capacity of the plant may reach 200,000 tonnes of newsprint.