EBRD to give dlrs 12 million loan to Ukrainian biggest glass producer

The European Bank for Reconstruction and Development will provide a dlrs 12 million loan to modernize Ukraine's oldest and biggest glass packing producer, bank officials said Tuesday in a statement.

The loan to the Hostomel glass plant will pay for repairing and modernizing equipment, and bringing the plant's accounting system into line with international standards, the statement said.The deal will also help the plant produce glass packs for the beer industry, which EBRD also supports."This long-term financing is very important for us, because it gives us enough time to bring our production standards to an international level," said Pavlo Rybitskyi, the plant's director.

The EBRD has lent about dlrs 1.4 billion to Ukraine, signing 41 deals over the past decade to stimulate the development of private enterprise.

600450 EBRD to give dlrs 12 million loan to Ukrainian biggest glass producer glassonweb.com

See more news about:

Others also read

European Glass industry partners with Surfrider Foundation Europe for cleaner and healthier oceans
Partnership will preserve an additional 300,000m² of beach in 2018.
Christian Quenett
On 22 March, during the last General Assembly of Glass for Europe, Dr. Christian Quenett, Head of Architectural Glass Europe Pilkington Deutschland AG (NSG Group), has been elected Chairman of the Board of Directors of Glass for Europe.
Expansion of production capacity | SEKISUI S-Lec
Increased Production Capacity of Interlayer Film for Laminated Glass and Raw Material Resin in Europe.
Vesuvius takes action to protect intellectual property rights
Vesuvius has announced legal action taken to protect their intellectual property rights associated with Smartly Driven™ roll patents and end cap attachment technology.
BATIMAT RUSSIA
In April, Crocus Expo meets the leading manufacturers and distributors of construction and finishing materials, the best designers and architects of Russia and Europe.
Sunny renaissance: European PV market growing
The global photovoltaics (PV) market is gathering speed: 2018 is likely to see annual PV deployment pass the 100 gigawatt (GW) mark for the first time, according to the latest analysis from GTM Research.

Add new comment