Tag: investment

Södra invests in AI company

Södra Ädla is a new partner of Nordic Forestry Automation (NFA). The company develops next-generation operator support systems for forest machines based on sensor technology from autonomous vehicles and AI algorithms. The investment is done together with Sveaskog and...

L-PACK to invest over 10 billion rubles to build a corrugated cardboard plant in the Moscow region

L-PACK company, with the support of the Moscow Region Development Corporation, will build a production facility in Kashira SEZ; as reported by the Ministry of Investment, Industry and Science of the Moscow Region, the enterprise will comprise a...

Pervaya Mebelnaya Fabrika to open a furniture factory in St. Petersburg worth 1.1 billion rubles

As Kommersant Newspaper reports, Pervaya Mebelnaya Fabrika CJSC will build a production site to design and produce innovative furniture products in St. Petersburg. At the first stage of the project, the company is going to start producing interior,...

Sveza invested over 70 million rubles in upgrading a plant in the Vologda Region

The plant in Novator has invested over 70 million rubles in projects on upgrading the existing production and improving working conditions and safety since the start of 2022, according to Sveza’s press office. This investment is supposed to...

Sveza’s plywood mills in the Kostroma Region invested in production facilities over 125 million rubles in 1H 2022

The mill in Manturovo has started up a new automated cutting line for making non-standard plywood sizes. The new line has high energy conservation and energy efficiency performance. The total cost of the project is 43 million rubles....

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

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,...

Kazakh investor is planning to start producing OSB in Russia

Mega Smart, a producer of furniture from particleboard and MDF from Kazakhstan, intends to build an OSB production plant in Bashkortostan, Rustam Muratov, First Deputy Prime Minister of the Bashkiria Government, declared. According to him, the new enterprise’s...

Sber to finance construction of unique low-grade wood processing plant by lending RUB 2.8 billion

Sber will finance the construction of a unique timber processing plant in Pskov Region, Russia, by providing RUB 2.8 billion. Production waste will be used to make compressed wooden blocks for pallets, with low-grade wood accounting for 100%...

In 2022, Pulp Mill Holding will invest 4.5 billion rubles in Arkhbum

Upgrading and growing the existing processing facilities, as well as expanding the production infrastructure will affect all four company’s venues. The value of these investment projects in 2022 will reach 1.802 billion rubles for Podolsk branch of Arkhbum,...

Solikamskbumprom will install a paper packaging line for 500 million rubles

Solikamskbumprom is getting ready to install a process line for transporting and packaging paper rolls. The new equipment will be supplied by Pesmel (Finland). Investments in the project will reach 500 million rubles. Commissioning is scheduled for May...

EcoBioTech will build a plant making veneer tableware in the Yaroslavl Region

EcoBioTech LLC is planning to start producing disposable tableware from veneer in the Danilovsky District in 2022. The investment value will reach 190 million rubles. The company is supported by the Development Corporation of the Yaroslavl Region. The...

Pulp Mill Holding will build the second corrugated cardboard plant for Arkhbum in Voronezh

Pulp Mill Holding procured an official permit from regional authorities to locate a new Arkhbum production venue in Maslovsky Industrial Park in Voronezh. The Group intends to build a plant with the capacity of 188 million m² of...