Tag: investment

Ascona invests 2 billion rubles in the production of goods for IKEA

The enterprise in Dobrograd-1 SEZ in the Vladimir region is scheduled to be put into operation in H2 2022. The new site of Ascona Group will produce mattresses, pillows, and upholstered furniture for the world’s largest furniture retailer,...

Production of furniture blanks to be launched in the Pskov region

Woodline company has got the opportunity to open a new site for the production of furniture blanks in Moglino SEZ. The investment project worth 220 million rubles was approved by the expert council in May 2021. The company...

Huhtamaki to build a second plant in Alabuga SEZ (Tatarstan)

The new plant with a total area of 8,300 m² will produce 211 million egg boxes per year. The investments in the project are estimated at 1.4 billion rubles. The construction of the facility has already begun, the...

A new veneer surfacing-and-jointing line put into operation at Sveza’s mill in St. Petersburg

The value of investments in the project amounted to about 50 million rubles. The new line is capable of “sewing” up to 10,000 m³ of veneer per year, which will increase the annual output of large-sized plywood. The...

Segezha Group to increase the capacity of Vyatsky Plywood Mill by a third

As the Kommersant newspaper reports, Segezha Group is going to invest 6 billion rubles to increase the production capacity of its plant in Kirov to 255,000 m³ of plywood per year. The production site is scheduled to be...

Sveza Mill in Sverdlovsk region to invest RUB 100 million in reconstruction of raw material heating system

Sveza Mill in Verkhnyaya Sinyachikha, Sverdlovsk region, has started an investment project related to reconstruction of raw material heating ponds. The reconstruction program covers fourteen ponds of a production site and is divided into four stages and is...

Terneyles to invest 1.7 billion rubles to upgrade its dry sawn timber production facilities 

In March 2021, the company signed a contract for the supply and installation of three drying tunnels with a capacity of 300,000 m³ of dry sawn timber per year. It is also planned to supply three lines of...

Mayr-Melnhof Holz invests in CLT production in Austria

Mayr-Melnhof Holz is investing €150 million in its plant in Leoben and wants to create an additional 50 jobs there. The plan is for the new cross-laminated timber plant to go into full operation in just under two...

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...