21 Jun '10
Multi-industry company LSR has announced plans to take out a $100m loan with state-run Vnesheconombank.
The loan terms and interest rate have yet to be disclosed.
Under plans, the funds are to be spent to finish construction of a brick factory in Leningrad region.
Construction of the plant was stopped in 2008. Production is scheduled to be launched in 2010. Total investment into the project is estimated at $200m.