Starting this year, the group will invest over 2 billion rubles (€20 million) in further modernization of the plant to increase raw material processing capacity, expand its own logging operations in the region, and implement a high-tech production project for wooden construction components. Over the next five years, approximately 74 new jobs are expected to be created. During a working visit to the Novgorod region, VLP’s CEO Alexander Shangin visited the facility and outlined the development prospects of the plant. "Since acquiring the asset in the first half of 2023, the plant has demonstrated steady double ...
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