Turkmenistan – The European Bank for Reconstruction and Development (EBRD) has extended a US$ 5 million loan to Toprak Paper Products Company, a manufacturer of cardboard packaging in Turkmenistan. The loan will be used to build a recycled paperboard mill in the central Asian country.
When complete, the mill will be the first private paper recycling facility in Turkmenistan, capable of producing up to 25 tonnes of paper per day. Toprak plans to sell a third of this output and use the remainder for its cardboard packaging production.
The loan will enable Toprak to integrate its production cycle by using ‘modern recycling technologies and know-how’, says Frederic Lucenet, EBRD’s director for manufacturing and services. In addition to the loan, the EBRD will support the company both technically and legally.
Producing its own cardboard from recovered paper will significantly reduce Toprak’s reliance on imported cardboard, the company says. It is also planning to promote paper recycling in major Turkmen cities.
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