RusVinyl Signs Loan Agreement for Polyvinyl Chloride Plant

RusVinyl has signed a loan agreement to finance a 330,000t / year integrated polyvinyl chloride plant in Kstovo, Russia.

The agreement consists of a €150m ($214m) loan from Sberbank of Russia, a €150m ($214m) loan from EBRD and €450m ($644m) from a group comprised of BNP Paribas, ING Bank and HSBC, which has been guaranteed by COFACE and ONDD, the Export Credit Agencies of France and Belgium.

The facility will also produce 235,000t of caustic soda a year and is expected to be in operation by 2013.