KIEV, Nov. 16 – The European Bank for Reconstruction and Development could provide a loan of up to EUR 40 million to Kronospan UA LLC, a wood-based panel manufacturer (Novovolynsk, Volyn region) via Kronospan Holdings East Limited (Cyprus), part of Kronospan Group, to finance its capital expenditure.

The bank said on November 13 that the project will be discussed by the bank's board on December 16.

The project assumes the replacement of a multi-daylight press with a continuous particleboard press, and adaptation of the pre-production area for the increased production volume. Kronospan will also invest in a new bio-mass boiler and WESP filter at the site.