Verkhneketskiy LPK announced its possible bankruptcy

Chief Executive of Verkhneketskiy LPK mill Vladimir Shatalin announced possible bankruptcy due to high railway tariffs. He said that competition in railway transportation so far influenced forest industry negatively.

‘’Several years will pass until the market becomes stable and consumption and transportation volumes will restore to 2008 levels, but we are now on the verge of bankruptcy’’, Shatalin said.

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