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Tag: investment

Eacom Timber Corporation invests $8.9M in Elk Lake (Canada) sawmill upgrade

19 April 2021 ` 21:06  
Eacom Timber Corporation announces an investment of $8.9 million to equip its Elk Lake sawmill with a new, state-of-the art continuous dry kiln (CDK). Expected to be fully operational by early fall, the CDK will allow for continuous...

Segezha Group upgrades its logging trucks in Krasnoyarsk Region

15 April 2021 ` 19:31  
Segezha Group (a Sistema JSFC company) is completing another investment project to upgrade its timber hauling fleet. The logging branches of Lesosibirsk LDK No. 1 falling within the Angarsky group are preparing to receive 10 tractor trucks and...

Lesosibirsky LDK No. 1 increases its production capacity

12 April 2021 ` 20:29  
Segezha Group has started its investment project for the construction of drying kilns at the site of Lesosibirsky LDK No. 1. The project will allow to increase the annual output of finished products. The plant currently produces over 600,000...

Kronospan to invest 18.4 billion rubles to expand its production capacity in Bashkortostan

7 April 2021 ` 16:36  
The project aimed at increasing the output of OSB is estimated at 5 billion rubles (15 new jobs), of binding agent – at 5 billion rubles (20 jobs), of plywood – at 8.4 billion rubles (70 jobs).

Pavlovo-Posadskiy Gofrokombinat commissions a new building for storing products in the Moscow region

5 April 2021 ` 19:26  
Pavlovo-Posadskiy Gofrokombinat (the town of Pavlovsky Posad in the Moscow region) has commissioned a new building of 12,500 m² for storing raw materials and finished products. Investment in the construction amounted to 200 million rubles. The new building...

Sveza’s plant in St. Petersburg invested 689 million rubles in its investment projects in 2020

2 April 2021 ` 18:38  
A significant share of the funds – 591 million rubles – was invested in the construction of a mini CHP plant as well as in the switching of the production processes to steam. The crosscutting site was also...

Green Bay Packaging begins paper mill production

22 March 2021 ` 14:47  
Green Bay Packaging Inc. (GBP), Green Bay, Wisconsin, has announced that the first reel of paper was produced March 11 at its paper mill in Green Bay. The company says this milestone comes two and a half years...

A waste-free timber enterprise to be built in Tuva (Russia)

18 March 2021 ` 20:22  
The investment project is being implemented by Verba LLC. The company will receive a subsidy of 252.5 million rubles from the federal and regional budgets and invest 70 million rubles of its own funds. The timber enterprise with...

Belarusian sawmill Kimabel to add new sorting line

16 March 2021 ` 12:55  
The installation of a new timber sorting line, costing as much €3 million, is the latest step in the modernization of the woodworking enterprise LLC KimaBel in Polotsk District, Vitebsk Oblast, Belta news agency reported. The sophisticated timber...

New CNC machine has been launched at Sveza mill in St. Petersburg

10 February 2021 ` 19:51  
Sveza has put a second CNC machine with programmed numerical control at its mill in St. Petersburg. The new equipment is capable of producing parts of any given configuration from large-format plywood sheets with a thickness of up...

Sveza installs a new moisture meter in Tyumen

26 January 2021 ` 15:51  
The Tyumen mill of Sveza has installed a new moisture meter. Investment in the new measuring equipment amounted to around RUB 8 million. The new equipment can help to prevent parts of the high-moisture veneer from getting to...

Tilia in Perm to invest 100 million rubles in the production of furniture boards by 2023

14 January 2021 ` 18:52  
Tilia LLC (the town of Chernushka, Perm region) is going to invest 100.4 million rubles in the organization of value-added processing of birch timber and the creation of furniture board production by 2023. 68.2 million rubles are supposed...