On the 21st of July the EBRD Board approved a loan to RusVinyl LLC of EUR150 million. The loan will be used to support RusVinyl LLC in construction of the largest fully integrated PVC complex in Russia with annual capacity of 330 kilotons of polyvinyl chloride.
The terms of this loan will be detailed in an agreement between the EBRD and RusVinyl which is planned to be signed in autumn 2010.
Meanwhile RusVinyl continues working for attracting the rest of credit financing needed for the Project implementation.
RusVinyl started the construction of the complex which is to be put in operation in 2013. Due to use of state-of-art technologies the complex will comply with the stringent environmental requirements. The implementation of this project will serve the internal PVC market and significantly reduce the import share in Russia.