Zhytomyr Cardboard Factory LLC received a loan from Oschadbank to modernise production

May 21, 2013.

Zhytomyr Cardboard Factory LLC (ZCF LLC) has received a loan from Oschadbank JSC to modernise its production and introduce power-saving production technologies. The funds raised will be allocated to purchase and install new, modern machine for egg trays production as well as to upgrade the power system of the Factory including the installation of a solid gas-generating boiler, steam turbine and fully automated systems for the power supply of the company.

‘The installation of the most modern world market existing equipment as well as the introduction of power-saving technologies will enable us to reach a new level of product quality while reducing its costs’ - highlighted Oleg Karpenko, the Director General of Zhytomyr Cardboard Factory.

The International Law Firm Integrites acted as a legal adviser of Zhytomyr Cardboard Factory. The lawyers of the ILF Integrites provided legal advice to the ZCF on Ukrainian and foreign law, the procedures related to the approval of fund-raising by the owners of Zhytomyr Cardboard Factory LLC.