Vyatsky Plywood Mill (subsidiary of Segezha Group) launched a new premium birch plywood production. According to the announcement, the investments into new production line amounted to RUB 6.7 billion (around USD 110 million).
After the upgrade, the aggregate capacity of Vyatsky Plywood Mill has grown to 192,000 m3 of birch plywood per year including more than 70,000 m3 of a new high-margin product, large-size long-grained plywood.
Mikhail Shamolin, President, Chairman of the Board of Directors of Segezha Group, commented:
“By inaugurating the second stage of the mill we fairly inaugurate a new plant. The equipment is highly automated and the product is very competitive. The intended capacity of the mill was 170 thousand cubic metres of plywood, but we decided to change the approach and raise the efficiency of the equipment, so we are now waiting to achieve a capacity of a minimum of 192 thousand cubic metres. I’m sure we can do it, first of all due to the people who made this day possible. Segezha Group plans to produce 300-320 thousand cubic metres of birch plywood a year by 2021. It will become possible when we open a new production facility in Kostroma region in the framework of an agreement we have concluded with the regional authorities“
Segezha’s Vyatsky Plywood Mill expansion was included to the priority list of the Ministry of Industry and Trade in Russia.
Earlier Segezha announced plans to further develop its industrial site in Karelia.
About Segezha Group:
The company is one of the largest Russian forest industry holdings with the vertically integrated structure and a full cycle of logging and added-value wood processing. The holding comprises Russian and European enterprises in the forest, wood processing and pulp and paper industries, as well as paper packaging.
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