United Panel Group has three production facilities in the Komi Republic, Kirov Region and Udmurt Republic
Assets
United Panel Group
Producer of plywood and MDF
Undisclosed
PCG’s investment
2014 –
present
Project duration
Russia
Geographies
The project objective is to financially rehabilitate the company which is among Russia’s top 5 producers of laminated plywood and MDF. Since 2009, the company faced bankruptcy several times, as it had a shortfall of working capital and was one of the least efficient enterprises in the sector.
As a major shareholder, PCG has, since December 2014:
Reached an amicable settlement with the company’s creditors
Raised bank financing in order to restructure the debts under the amicable settlement
Built a new management team
Reviewed and revised corporate governance principles
Optimised costs and business processes
Worked out a business development strategy
Role
PCG