German Pellets to invest 9B rubles to build a wood pellet plants in Nizhny Novgorod, Russia; project will take 14 months to complete, 78% of required funds will be borrowed, says regional official
Allison Oesterle
NIZHNY NOVGOROD, Russia
,
June 5, 2014
(Interfax Russia & CIS Business and Financial Newswire)
–
LLC German Pellets Nizhny Novgorod, a subsidiary of German Pellets, will invest 9 billion rubles in the construction of a wood pellets plant in Nizhny Novgorod.
The project will take 14 months to complete and 78% of the funds required will be borrowed, the region's Investment Policy Minister Yuri Groshev said at an investment council meeting Wednesday.
The company will get a 1 million square meter site in Bor district.
German Pellets is one of the leading producers and distributors of wood pellets. The company was established in 2005 and has 15 plants, two of which are located in the United States.
me aa
(Our editorial staff can be reached at eng.editors@interfax.ru)
(c) 2014 Interfax Information Services
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.