Turkey's Eren Secures $850 Million Loan for New UK Paper Mill.

Turkish industrial and retail group Eren Holding AS has secured an €775 million ($854 million) loan to finance a $1.3 billion container-board and tissue plant in Wales. The loan was provided by a mix of international and Turkish banks, as well as credit export agencies. The new plant in Shotton will have the capacity to produce 750,000 tons of container-board and 67,000 tons of tissue paper annually. The project is expected to boost foreign direct investment in UK manufacturing and help reduce the country's container-board imports. [Extracted from the article]