29 June 2017
EPAM Supports Knauf in RUB 3.5bln Investment Agreement With Leningrad Regional Government | CEE Legal Matters

EPAM has assisted Knauf Petrobord on its June 2, 2017 entrance into an agreement with the Government of Leningrad Region involving Leningrad's funding of at least RUB 3.5 billion to renovate production facilities for cardboard facing before 2020.

According to EPAM, "the funds invested under the agreement will be used to upgrade facilities for producing cardboard facing from waste paper, including the refitting of cardboard machine No. 2 and an overhaul of treatment facilities. These improvements will enable an increase in cardboard production and quality, improve energy efficiency, and reduce the impact on the surrounding environment."

EPAM reports that it "provided legal support to Knauf in formulating the terms of the agreement and during negotiations."

by DAVID STUCKEY, CEE Legal Matters