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NIB and Keitele Timber have signed a EUR 15 million loan agreement to finance the company investments in facilities for mechanical wood processing. The maturity of the loan is ten years.
NIB’s loan to Keitele Timber will finance the company’s investments in tangible capital; machines, flue gas scrubbers, dryers for sawdust and bark, as well as a pellet factory. Keitele Timber is a subsidiary of Keitele Group that runs three sawmills.
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