Trust Les LLC to start production of wooden veneered panels in the Leningrad region

The expert council of the Industrial Development Fund (IDF) approved a loan of 284.2 million rubles for the implementation of Trust Les’s project (in the town of Mga, Leningrad region) for the creation of export-oriented production of wooden veneered panels. The output will be 26,000 m³ per year. The company intends to supply all produced goods (wood panels and related products like sawn timber, lamellas, rotary-cut veneer) to furniture enterprises in the USA, China, and European countries. The total project budget is 587.4 million rubles.