Tag: investment

4.4 billion rubles will be invested in plywood factory construction in the Pskov Region

Lesprom is going to invest 4.4 billion rubles in building a plywood factory with a capacity of 60,000 m³ per year. This investment project was approved by the expert panel chaired by Mikhail Vedernikov, Governor of the Pskov...

In 2020, Ilim Group ramps up its production volumes by more than 12%

Ilim Group measures its performance in 2020. The Company retained leadership in the Russian pulp and paper industry by delivering 3.637 million tons of products, which is an all-time record performance. In 2020, Ilim’s facilities produced 3.637 million...

Smurfit Kappa invests in German paper mill sitev

Ireland-based packaging company Smurfit Kappa is set to spend around € 35 million on its Hoya paper mill and board manufacturing plant in northwest Germany. The company will replace the complete press section of the mill’s PM2 paper machine,...

Kastamonu has launched a new laminate production line

Kastamonu, the leading manufacturer of the wood processing industry in Russia, has launched the third production line. The launch took place on March 5, 2021. Thanks to the opening of the third line, the total volume of laminate...

Sveza will invest 8.6 billion rubles in deep wood processing projects in the Vologda region

Sveza, a world leader in birch plywood production, will establish new deep wood processing facilities in the Vologda region. The total investment will amount to 8.6 billion rubles. The project has a payback period of 8 years. A...

Ivanovo Timber Industry Company invested 300 million rubles in its production in 2 years

The press office of the government of the Ivanovo region reports that Ivanovo Timber Industry Company, with the support of the Industrial Development Fund, implemented an investment project in 2020, thanks to which the enterprise increased the output...

Stora Enso abandoned the intention to expand its production facilities in the Novgorod region

The Finnish company abandoned the intention to update and expand the production facilities of Setnovo LLC, its subsidiary company in the Novgorod region. Investments in the project were estimated at 520 million rubles. According to Novy Prospekt, the...

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

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

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

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

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

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...