Investors will invest more than 6.5 billion rubles in the development of the Komi Republic

Seven priority projects in the field of forest development with a total investment of more than 6.5 billion rubles are implemented in the Komi Republic.

Some of them will be completed this year, as reported by “TASS”. According to an acting Minister of investment, industry, and transport of the region Alexey Prosuzhikh,

“The timber industry remains the driver of the Republic’s economy in recent years, shows the greatest growth in production, it is expected that this trend will continue in 2019. To date, seven priority projects in the field of forest development are being implemented, some will be completed this year.”

“Plant for the processing of wood and production of parts of wooden house-building” (Lesozavod № 1) in the village of Kazluk Ust-Vymsky district, building production of structural elements of wooden construction. The project is at the final stage, the total investment amounted to almost 1.3 billion rubles. The company “PechoraEnergoResurs” continues to develop timber processing production for innovative deep processing of wood in the Troitsko-Pechora district, invested about 2 billion rubles. More than 1 billion rubles plans to invest the company “Luzales” in the construction of objects for deep processing of wood with the creation of bioenergy plants.

The town-forming enterprise of Zheshart settlement, LLC ”Zheshartsky LPK” carries out technical re-equipment of the operating complex on a production of wood plates. Investments in modernization amounted to 320 million rubles. The company “Protech-invest” in the spring of last year launched a sawmill in the Sysolsky district, began to produce fuel briquettes, continues to develop production, investing 350 million rubles. In Ust-Kulom district is created, timber-processing complex “Cominvestbank” for the production of a wide range of wood products, the project has already invested more than 90 million rubles.