DataLife Engine / KNAUF and Leningrad region sign $62-million investment agreement

KNAUF and Leningrad region sign $62-million investment agreement

As Construction.RU was told by the press office of the company, the document envisages investments in the amount of at least 3,5 billion rubles (about $62 million) to be made by KNAUF Petroboard in reconstruction of the liner board manufacture until 2020. According to the agreement, the Leningrad regional authorities are obliged to provide a support to the investor.

The agreement was signed by the Leningrad region’s Governor, Alexander Drozdenko, a Managing Partner of Knauf Gips KG, Manfred Grundke, and Chairman of the Board of Directors of JSC KNAUF Petroboard, Janis Kraulis.   

The funds will be used for the modernization of a complex for facing paperboard production from waste paper, including reconstruction of a board machine No. 2 and wastewater treatment facilities. This will allow to increase the production of cardboard, improve its quality, enhance production efficiency and reduce environmental load.

5-06-2017, 17:24
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