International law firm Integrites acts as a legal adviser to LLC «Zhytomyr Cardboard Factory», one of the major suppliers of paper products in Ukraine and the CIS, in attracting financing from Oschadbank.
In particular, the team of ILF Integrites lawyers advised Zhytomyr Cardboard Factory (ZCF) on Ukrainian and foreign law as well as procedures related to the approval of financing by the owners of ZCF.
Zhytomyr Cardboard Factory took out a loan from Oschadbank for the modernization of equipment and the adoption of energy-saving production technologies. Under the project framework, Integrites lawyers advise the client on issues related to the procedures, limitations and risks associated with the approval of financing by shareholders of LLC «Zhytomyr Cardboard Factory».
Attracted funds will be used to purchase and install new up-to-date equipment for production of egg cartons as well as to upgrade the power system of the plant, installing solid-gas-generating boilers, steam turbine and automated power supply control systems.
“Installation of the most upswing equipment on the world market and the implantation of energy-saving technologies will allow us to reach a new level of product quality while reducing its cost”, - said Oleg Karpeka, CEO of Zhytomyr Cardboard Factory.
The legal support to Zhytomyr Cardboard Factory was provided by a team of lawyers including Evgeniy Blok and Svitlana Berezhna, associates, led by Oleksandr Aleksyeyenko, Partner.
LLC ”Zhytomyr Cardboard Factory“ - the largest Ukrainian producer of molded egg trays, paper, cardboard and corrugated packaging. ZCF produces 15 million trays and boxes for eggs per month. The factory also produces more than 3 thousand tons of paper and 1 million square meters of corrugated packaging.