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August 13, 2020

Estonian company to build a new sawmill in Belarus

Estonian company to build a new sawmill in Belarus
The Estonian wood industry company Kaamos Timber entered into a loan agreement with the European Bank for Reconstruction and Development (EBRD) whose support will be used to establish a new sawmill owned by the Estonian company near the city of Mozyr in Belarus.    “The EBRD loan of 15 million euros will finance the construction of a new sawmill in the city of Mozyr, the total investment of which is planned to be 25 million euros,” said Tõnu Bergmann, executive manager of Kaamos Timber, adding that the term for the loan agreement is 7 years.According ...

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