OREANDA-NEWS. October 07, 2011. SME Bank (Vnesheconombank Group), Rosdorbank and Segal Ltd. (St.Petersburg) have financed a modernization project in packaging industry, reported the press-centre of SME Bank.

Segal Ltd. produces corrugated cardboard and paperboard packages. Under SME Bank’s "Financing for Innovations and Modernization" Program the company has attracted a loan from Rosdorbank for technological upgrade. The allocated resources will be channeled for development of a high-speed computerized line for production of corrugated cardboard baskets.

SME Bank Program "Financing for Innovations and Modernization" is designed for providing affordable and long-term resources to SMEs involved in innovative and modernization projects in various industries.