FRP approved a loan for 2 billion rubles. Archbum Tissue Group

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AK&M 14 January 2022 11:41

The Industrial Development Fund approved a loan for 2 billion rubles. LLC "Arkhbum tissue Group" ("daughter" of the Arkhangelsk Pulp and Paper Mill) under the program "Priority projects". This is stated in the message of the Arkhangelsk Pulp and Paper Mill.

With the help of the FRP loan, the company will launch the second stage of the plant for the production of sanitary-hygienic paper and products from it under its own Soffione brand. The production capacity will double and amount to 140 thousand tons of finished products per year. The volume of investments of Pulp Mill Holding in the second stage of "Arkhbum Tissue Group" will amount to more than 10 billion rubles.

The raw material for the production of products will be primary bleached pulp of coniferous and deciduous wood, produced at the key Pulp Mill Holding company in Russia - Arkhangelsk Pulp and Paper Mill.

LLC "Arkhbum Tissue Group" (IP "Vorsino", Kaluga region) is the largest investment project of Pulp Mill Holding. Its cost is estimated at more than 30 billion rubles.

Arkhangelsk Pulp and Paper Mill was founded in 1940. It is one of the leading timber chemical enterprises of the Russian Federation and Europe. Specializes in the production of cardboard and commercial pulp. The sole shareholder of ACBC is the Austrian company Pulp Mill Holding GmbH.