The project s contract has been ready for signing since 2008 but the necessary budgets were not available in Belarus. Now a government guarantee ensures the approval of a loan for the Ivatsevichdrev company. This approval is the starting signal for the projected Siempelkamp particleboard line which is a project that can be assessed as a positive signal for the economy of both countries involved.

The financing of the new high-performance particleboard plant is now secured against the background of a state guarantee of Belarus. The wood-based products manufacturer Ivatsevichdrev has now received this guarantee by decree from the president of Belarus. This decree also had to be signed by a number of governmental departments. With it, the manufacturer secures the opportunity to efficiently initiate the Belarusian economy with the help of the highly productive Siempelkamp line.

The technical homework for this project was completed a long time ago. The plant details between the partners are already wrapped up. The particleboard plant guarantees Ivatsevichdrev a daily capacity of 800 m³/day and was designed, per customer request, with a reserve of an extra 30 percent. This makes a capacity of approx. 330,000 m³ of particleboard per year possible and thus, almost doubles the country.