16.12.2014 16:19
YEREVAN, December 16. /ARKA/. The EBRD is lending US$ 9.3 million to Shen Holding, one of the largest and leading building materials manufacturer and gypsum mine operator in Armenia and a long standing EBRD client, the EBRD press office reported on Tuesday.
The proceeds of the loan will fund the construction of a new gypsum plaster production plant producing higher quality plasters with higher energy efficiency and isolation characteristics.
«Furthermore, the company will purchase specialised vehicles, mining and auxiliary equipment, which will allow it to increase production volumes to satisfy the demand in the Armenian and Georgian markets with affordable quality products,» the press release says.
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