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WhatWood Blog Woodworking More than 300 million rubles will be invested in a woodworking facility in the Kostroma Region

More than 300 million rubles will be invested in a woodworking facility in the Kostroma Region

27 June 2022 ` 17:57  

Forest Group LLC (Galich) will invest more than 330 million rubles in production development. This project was supported by the regional investment board.

In May 2022, the company shared its plans of building another administrative and amenity building, purchasing a new high tech sawmilling line and buying additional machinery. Forest Group is also planning to increase the volume of harvested wood. The investment value will reach 331.4 million rubles. In 2023, the company is planning to increase the product output by 1.7 times and create 46 new jobs.

Prev pageRussian Timber Journal 05-2022: interview with Alexander Shangin, CEO, Vologodskiye Lesopromyshlenniki Group; roaring demand in 2021 caused a consumption/supply imbalance in the Russian MDF/HDF market; Rosleskhoz urges for reduced liability of forest users operating LesEGAIS; plywood production continues to decline in Russia; Valmet’s withdrawal from Russia is progressing; Rehau to withdraw business in Russia Next pageSegezha Group announces its unaudited consolidated IFRS financial results and operating results for Q1 2022.

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