Tag: investment

Vologodsky Les is planning to invest 3.5 billion rubles in expanding its woodworking facilities

Vologodsky Les intends to invest 3.5 billion rubles in upgrading its plywood production site and creating new timber processing facilities, as reported by the official web portal of the Government of the Vologda Region. The investment project received...

3.8 billion rubles will be invested in OSB and glued wooden structures production in the Vologda Region

BioLesProm is planning to build a woodworking enterprise for 3.8 billion rubles in the Verkhovazhsky District of the Vologda Region. The investment project that received a priority status includes commissioning an OSB production site with the capacity of...

Government of the Russian Federation approved the purchase of 75% of RFP Group by a Japanese investor

On November 29, the Government Committee on Foreign Investments Control chaired by Mikhail Mishustin, Prime Minister of the Russian Federation, approved the sale of 75% of RFP Group, a timber industry group from the Far East, to Iida...

Arkhangelsk Pulp and Paper Mill will invest 500 million rubles in building a new tree seed center

The mill’s corporate selection and seed center whose area will exceed 10 ha will become one of the most contemporary in Russia. A greenhouse and a laboratory complex will be built in its territory, which will accommodate a...

Segezha Group expands biofuel production in Siberia

Lesosibirsk Sawmills and Woodworking Plant (LDK No.1), part of Segezha Group, has signed a contract with AS Hekotek, Estonia, for supplying a set of equipment for its pellet production facility. The launch of the facility is planned for...

Arbor Nova is investing 200 million rubles in upgrading furniture elements production

The company is going to expand its current venue in Kurovitsy village, Leningrad Region. The production area will increase by more than 4,000 m², process flows will be optimized, a number of production processes will be automated and...

Sudoma sawmill opened the biggest furniture boards production site in the Pskov Region

Sudoma sawmill launched a new production shop to make furniture boards, rough-sawn and cut-to-exact size furniture blanks with the capacity of 8,400 m³ of product per year in Dedovichi urban settlement, Pskov Region. This is the region’s biggest...

Mondi Syktyvkar is planning to invest €300 million in production over the next 3.5 years

This is reported by TASS news agency referencing the company’s CEO Klaus Peller. The upgrading will increase the finished product output by 46% compared to the 2008 performance, while the tax payments will grow by eight times over...

Kama Karton LLC completed investment project implementation in the Perm Region

Kama Karton LLC (part of KAMA Group) completed construction of a plant in Krasnokamsk that will produce bleached chemical and thermomechanical pulp from hardwood timber. The investments in the project reached 3.39 billion rubles; the product output volume...

Oktyabrsky LZK is going to invest over 1 billion rubles to build a sawmill in the Irkutsk Region

The project includes building a new sawmill and additional drying kilns, an electrical substation, approach roads and a wood pellet plant with the capacity of 40,000 t of wood pellets a year. The mill commissioning is scheduled for...

In January-September 2021, Sveza increased plywood production by 8%

Sveza Group summarized the results of the first nine months of 2021. The market grew steadily recovering from the pandemic blows of 2020 allowing Sveza to enjoy increased demand domestically and abroad. From January through September 2021, Sveza...

980 million rubles will be invested in building a timber processing plant in the Tyumen Region

The investment project that includes creating comprehensive value-added wood processing, from timber harvesting to finished product, will be implemented by Evrosibdom LLC in Vinzili village, Tyumen Region. The planned investment value is currently 980 million rubles. At least...