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investments

Rosleskhoz approved 27 investment projects on timber industry development in 2023

February 8, 2024 ` 16:53  
In 2023, The Federal Forestry Agency (Rosleskhoz) approved 27 investment projects on timber industry development (reviewing 15 new applications and endorsing amendments in 12 more projects). These investment projects are aimed at creating new timber processing facilities and...

Upak Group is planning to produce packaging in the Krasnodar Region

January 17, 2024 ` 20:10  
Upak Group LLC and the Administration of Armavir have signed an investment agreement that stipulates building a packaging materials plant with a total investment value of 580 million rubles and 140 new jobs. The company produces and sells...

Construction of a packaging plant worth 19 billion rubles began in the Moscow Region

January 17, 2024 ` 20:02  
L-PAK started building Phase I of the corrugated cardboard and packaging products production plant in the Kashira Special Economic Zone. The investor has already procured the corresponding permit. This was reported by the press office of the Ministry...

Ilim Group completed the construction of a pulp-and-cardboard mill

January 17, 2024 ` 19:55  
The construction of a pulp-and-cardboard mill by Ilim Group finished in Ust-Ilimsk, as reported by the State Residential Construction Supervision Authority of the Irkutsk Region that issued a statement of compliance with the facility’s design documentation requirements. The...

Russian Timber Journal 02-2023: interview with Yuri Strezhen, CEO at Praktika Group; state support measures for the Russian timber industry affected by the sanctions pressure; China reduced log imports from all the main suppliers in 2022; Vladimir Putin proposed to grant enterprises a deferment on forest area lease payments for unharvested timber; the Government of the Russian Federation increased the maximum amount of compensation for the expenses of timber enterprises for the transportation of their products; in 2022, Russia reduced the volume of logging by 13.5% to 194.6 million m³, according to Roslesinforg; Russian Railways resumed accepting sawn timber for export shipments through Kazakhstan; International Paper reaches agreement to sell ownership interest in Ilim joint venture; Segezha Group may reorient the Segezha West project to new products; the volume of furniture export from Russia dropped by 39% YoY in 2022, down to 29.5 billion rubles; Luzales and Slotex acquire Russian assets of IKEA

Russian Timber Journal 02-2023: Yuri Strezhen, CEO at Praktika Group: “This is a good time to improve the efficiency of both production and administrative processes of enterprises”; support measures mentioned by the business, relevant agencies, regions, the Government...