Sudima together with KGK plan to launch a project to create a timber processing complex in Primorye and Transbaikalia

The Singapore company Sudima together with the Indian partner KGK plans to launch a project to create a timber processing complex in Primorye and Transbaikalia.

According to preliminary calculations, the volume of investments may exceed $200 million. The new enterprise will produce parquet, furniture boards, lumber and pellets. For the project set up a special project company as KGK Sudima Evergreen. Assisting in the launch of the project implementing Agency of the Far East to attract investment and support exports.

“Initially, the new production was planned to be created in Primorye, but due to the possible shortage of wood for such a large project, it is divided into two parts, and the second is implemented in Transbaikalia. Investors have already spent in Transbaikalia the negotiations on this subject. The Agency intends to accompany the project from the initial point to the start of production. Now it helps the investor in choosing the site “, – said Leonid Petukhov, General Director of the Agency.

The Sudima international company is formed in 1994 in the Republic of Singapore, for several years it is mentioned in the list of the leading private companies in Singapore “TOP-50 Businessmen” (“Enterprise 50”). The main areas of work are the procurement and production of wood products, as well as the sale of agricultural products. The company has its own timber processing complexes in Indonesia, Myanmar, and Vietnam. Representative offices of the company are opened in Malaysia, China, India, Ghana, New Zealand, Liberia, Togo, USA, Ukraine, Brazil, Panama, and Myanmar.

Information provided by the press service of the Agency of the Far East to attract investment and support exports