Tag: Investlesprom

Investlesprom prepared for axle load limit, intends to decrease log purchase prices in NW Russia

The largest enterprises of the Russian timber industry holding Investlesprom have stocked wood resources sufficient for smooth operations during the spring impassability of roads, the press service of the holding reported. In the spring, regional authorities traditionally impose...

AFK Sistema officially announced its purchase of Investlesprom holding

Vladimir Yevtushenkov’s Sistema group of companies officially announced acquisition of Investlesprom assets on April 4. It is one of the largest timber industry companies in Russia. Legal completion of the transaction requires the consent of the antimonopoly authorities,...

Investlesprom: wooden housing market in Russia rose by 30% in 2013

In 2013, Investlesprom holding has reduced deliveries of plywood to the European market that fell into crisis and refocused on the domestic market (up to 60% of the total deliveries), which boosted company’s revenues, as said in the...

Investlesprom completed modernization at Sokolsky DOK worth €14.6 million

Russian timber industry holding Investlesprom has completed its investment project to build the further processing capacities at Sokolsky DOK in the Vologda region. Investments totalled at RUR 725 million (€14.6 million). The technological chain was updated almost completely:...

AFK Sistema may invest €1 billion to revive Polar Bear project at Segezha PPM

Vladimir Yevtushenkov’s AFK Sistema is ready to invest €1 billion into the Polar Bear project which involves the production of bleached softwood and bleached hardwood pulp, as well as non-bleached pine pulp at Segezha PPM (Karelia). Investlesprom holding...

AFK Sistema holds negotiations to acquire Investlesprom from VTB bank

AFK Sistema holds negotiations with VTB bank to acquire Investlesprom holding, one of the largest Russian forest industry companies, as RBK St. Petersburg agency said quoting major Sistema’s shareholder Vladimir Evtushenkov. He said the value of the deal...

Bank of Moscow finalized sale of Kama pulpmill

Moscow, February 28. The Bank of Moscow finalized sale of 100% of Kama pulpmill which was owned via Investlesprom holding, as Perm edition of Kommersant newspaper reports. Quoting kartoteka.ru website, the paper states that Kama pulpmill was sold on...

Perm region governor said Kama pulpmill has billions of debts

Permregion governor Viktor Basargin made a visit toKamapulpmill and said the premises have gloomy look, while the mill has billions of debts. According to Basargin, Investlesprom holding is not very transparent in the mill rehabilitation procedure, so the...

Investlesprom: MDF, HDF and fiberboard demand started to grow earlier than expected

Demand for MDF, HDF and fiberboard in 2012 started to grow earlier than expected. This was the result of financial and operation problems at some companies earlier, as said by Board & Lumber division director of Investlesprom Dmitriy...

Investlesprom CEO: housing construction ceased to be massive

Chief Executive of Investlesprom holding Anton Zavalkovskiy said that housing construction in Russia ceased to be massive and shifted to retail sector… If you want to read full article, please subscribe for our Weekly — kb@whatwood.ru

Bank of Moscow increased its share in Investlesprom up to 27%

The Bank of Moscow increased its share in Investlesprom holding (headquartered inMoscow,Russia) from 23.4% to 26.9%. The bank is now the main creditor of the company: Investlesprom’s debts reach 30 billion roubles (€766.6 million). If you want to...

Investlesprom reorganization in Vologda region was a mistake – CEO

Reorganization of Investlesprom holding in 2011 which separated production and management inVologdaregion was a mistake, as said by Investlesprom CEO Anton Zavalkovskiy at the meeting with regional authorities, corporate press service reported. Zavalkovskiy said that it undermined performance...