Tag: investment

A big OSB production venue will open in the Krasnoyarsk Region

Angara Les LLC will start producing OSB in Kodinsk, as reported by Interfax Real Estate quoting the company’s Director, Sergey Tarasyuk. 3.1 billion rubles will be invested in this project with the production capacity of 100,000 m³ of...

Igorevsky DOK restored the lamination line

Kronospan invested 226 million rubles in restoring the lamination line at Igorevsky DOK located in the Kholm-Zhirkovsky District of the Smolensk Region. Peter Kindl, the owner of Kronospan Group, had previously declared his intention to invest 1.5 billion...

ULK Group will spend 5 billion rubles to upgrade its harvesting machinery

In July 2021, the Group signed contracts with Scania and Ferronordic — the authorized dealer of Volvo in Russia. 60 Scania log trucks with the hauling volume of 160 m³ and two experimental vehicles for 200 m³ of...

A woodworking enterprise was launched in the Pskov Region

Osko-Invest launched edged boards production in Spasovshchina village in the Pskov region within the first stage. The investment value was 1.5 billion rubles, about 150 jobs were created. The plant had been previously working in a test run...

Murom CJSC officially launched OSB production in the Vladimir Region

Murom started implementing its large investment project in 2018. The total investment value reached 7 billion rubles; the design capacity is 230,000 m³ of product per year. OSB production began at the company as early as in November...

Arkhbum JSC will launch the 1st line of a new plant in Ulyanovsk in the beginning of September 2021

The first line of the Ulyanovsk site of Arkhbum JSC will be already launched in the beginning of September this year – all required infrastructure for this has been built, the main equipment is already in operation (5-layer...

Segezha Group begins upgrade of Onega LDK plant in Arkhangelsk region

Segezha Group has begun a full upgrade of equipment at Onega LDK, the Company’s wood-processing asset in Arkhangelsk region. The project will be completed over a period of 2.5 years and will receive investment totaling more than RUB...

A plant in Udmurtia will invest 129.9 million rubles in increasing plywood output

Industrial Development Fund approved a loan of 129.9 million rubles for Orion LLC. The company is going to purchase new equipment and expand its operating plywood and curved parts production under “Leasing” program. The enterprise capacity is going...

Segezha Group launches pellet production facility in Sokol

Segezha Group, a leading Russian vertically integrated holding company in the forest industry performing a full cycle of operations from logging to advanced wood processing, is continuing the construction of a pellet production facility to turn by-products and...

Segezha Group continues the modernization of the Karelian Wood Company, a logging and wood processing enterprise

More than RUB 100 million has already been invested in the plant’s modernisation. Moving forward, the company plans to expand its production capacity and secure further investments to the tune of RUB 350 million. The details of the...

Pfeifer successfully completes the second expansion stage at the CLT plant in Schlitz

The cross laminated timber plant of the Pfeifer Group, which went into operation at the beginning of 2020, is doubling its capacity to 100,000 m³ annually this year as planned. In order to increase the joinery performance and...

Junnikkala to build new sawmill in Finland

Finnish Junnikkala is preparing for a big investment that will launch the construction of a modern sawmill unit in Oulu, Finland. Construction will begin in 2022 and will be finished by the end of 2023. €70 million investment...