The European Bank for Reconstruction and Development (EBRD) has passed for final review by the board a loan of €40m.

The plant will have an annual capacity of 224,000m3. Part of the output will be used for further production of up to five million m2 of melamine-faced MDF and five million m2 of laminate flooring.

The combined site will consume up to 1.6 million m3 of raw material, a substantial part of which will be low grade round wood, as well as wood waste from a 200km radius.