Tag: investment

A waste-free timber enterprise to be built in Tuva (Russia)

The investment project is being implemented by Verba LLC. The company will receive a subsidy of 252.5 million rubles from the federal and regional budgets and invest 70 million rubles of its own funds. The timber enterprise with...

Belarusian sawmill Kimabel to add new sorting line

The installation of a new timber sorting line, costing as much €3 million, is the latest step in the modernization of the woodworking enterprise LLC KimaBel in Polotsk District, Vitebsk Oblast, Belta news agency reported. The sophisticated timber...

New CNC machine has been launched at Sveza mill in St. Petersburg

Sveza has put a second CNC machine with programmed numerical control at its mill in St. Petersburg. The new equipment is capable of producing parts of any given configuration from large-format plywood sheets with a thickness of up...

Sveza installs a new moisture meter in Tyumen

The Tyumen mill of Sveza has installed a new moisture meter. Investment in the new measuring equipment amounted to around RUB 8 million. The new equipment can help to prevent parts of the high-moisture veneer from getting to...

Tilia in Perm to invest 100 million rubles in the production of furniture boards by 2023

Tilia LLC (the town of Chernushka, Perm region) is going to invest 100.4 million rubles in the organization of value-added processing of birch timber and the creation of furniture board production by 2023. 68.2 million rubles are supposed...

Sveza modernized its production facilities in Uralsky

The value of investments in the modernization of Sveza’s plant in Uralsky in Q3 2020 amounted to 230 million rubles. 40 million rubles have been invested in the installation of a new press in the second plywood workshop....

Furniture boards production to open in the Kaluga region

The investment project is being implemented by Lesnoy Soyuz LLC. The enterprise is engaged in timber sawing and planing in the village of Novoslobodsk of the Kaluga region. The Industrial Development Fund (IDF) has approved a loan of...

Sveza’s investment project in the Vologda region included in the priority list

Novator +52 project is included in the list of priority regional investment projects with the provision of tax incentives. It was decided unanimously at the Gubernatorial Investment Council of the Vologda region. The investment project is estimated at...

Greenwood is going to invest 348 million rubles in organizing wood fiber production in the Sverdlovsk Region

A wood processing production site is going to be created in Lesnoy Advanced Development Territory in the Sverdlovsk Region; the investment is estimated at 348 million rubles. The corresponding agreement was signed between Investment Promotion Agency of the...

Vologdaleskhoz (Vologda Region) reached its design capacity

Wood processing capacities to produce 30,000 m3 of sawn timber and moldings have been created at the production site of Totma Forestry Enterprise The project’s investment value was 340 million rubles. A boiler house with 3MW capacity consuming...

Sveza Verhnaya Sinyachiha is upgrading production capacities

The plant is implementing several projects at once within an investment program. The value of investment in upgrading production capacities and improving work conditions will exceed 50 million rubles in Q3 2020. A new German-made drum chipper has...

VMG opened one of the largest particle board factories in Europe

In September 2020, a record breaking greenfield investment in Lithuania has been presented in Akmenė – “Vakarų medienos grupė” officially opened one of the largest particle board factories in Europe, with the investment reaching a total of EUR...