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Baikal pulp and paper complex expected to shut down production in September

Dmitry Sheibe, general manager of the engineering company of the Foreign Economic Bank, revealed in an interview with RIA Novosti that the Baikal pulp and paper complex announced by the government will stop production in September.In February this year, the Russian government decided to gradually close the Baikal Pulp and Paper Complex and move production to other enterprises. At that time Vegekkombank became the main lender of the paper mill and Vegekkom Engineering Company was responsible for studying the shutdown and re-greening of the plant.In order to solve the existing problems, the Foreign Economic Bank provided a loan of 3.6 billion rubles for the paper mill. At the end of July, the lender studied the closure of the paper mill.He said: "According to our calculations, it will take 3 months to start storing equipment on September 1, and it will take 2 years to gradually close the factory, taking into account compliance with all ecological requirements."He also said that at present, the engineering company of the Foreign Economic Bank and a design institute in Siberia have jointly formulated a plan to close the paper mill.

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