01 December 2014

Proxima Capital Group acquires a stake in United Panel Group

Proxima Capital Group has become a major shareholders in United Panel Group, a top 5 Russian producer of white and laminated plywood and MDF

The company has three production facilities

Production facilities are located in the Komi Republic, Kirov Region, and the Udmurt Republic.

Proxima Capital Group’s role in the business

Our primary task will be to financially rehabilitate the asset. We are planning to have the company’s debts refinanced through an amicable settlement, work out a new business development strategy, introduce new corporate governance principles, and optimise business processes.