ULK Group, the largest sawmill company in the Northwest of Russia, will stop all of its pellet production facilities due to lack of sales. The company has already completely stopped the pellet plant in Pestovo, Novgorod region, said the owner and CEO of ULK Group Vladimir Butorin. The company fired about 1.5 thousand out of 5.4 thousand employees. “We were forced to completely stop the plant in Pestovo and cut 350 people there, because there was no logistics at the plant in Pestovo, we were not supplied with rolling stock,” Butorin explained. According to Butorin, the ...
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