Project Cargoes for «Deal of the Year»

man writing on paper

The deal for project finance of RusVinyl, concluded between RusVinyl, SIBUR, SolVin and the Club of foreign banks, was acknowledged as a deal of 2011 by British financial publication Global Trade Review. The nomination was «The best project finance to cover by export credit agencies in Russia».

Last June RusVinyl signed a multilateral credit agreement to provide project financing of EUR750 mln for up to 12,5 years aimed at construction of the largest Russian integrated polyvinylchloride (PVC) production complex, capacity hitting 330,000 tn a year.

The construction of the complex is in its active phase and is being executed as planned. At the time being about 1,000 workers are employed in construction, and the peak number of employees shall total 2,200 people.

Last autumn the port of Kstovsky District welcomed the first heavy-lift consignment. Three vinylchloride monomer storage tanks and PVC production reactor were shipped to the port by logistic company Kuehne + Nagel. The weight of a single tank reached almost 255 tn, its length – 36,5 m, width – 8,75 m and height – 8,16 m.

In the spring of this year the abnormal loads will be trucked to the assembly site from temporary storage area. For this purpose some road sections, leading to the job site, were subject to improvement and extension. Delivery of the remaining out-of-gauge equipment, such as electromembrane process plant and high-voltage transformers, is due to take place this year.

Read More:  Guinea Alumina Corporation awarded Fluor with a management contract