VTB will provide 1.5 billion rubles for upgrading Vyshnevolotskoy Lespromkhoz (Tver Region)

Upgrading will concern the facilities where equipment for value-added wood processing will be installed. The project also involves building a new shop, warehouses and infrastructure sites at the enterprise. The company is planning to reach the design capacity of 55,000 m³ of sawn timber per year in 2024.

The Government of the Tver Region is planning to subsidize this investment project – the interest rate on the loan will be partially reimbursed to the company for five years. The total subsidy value will reach 270 million rubles.