Segezha Group and engineering company CAMC from China signed a Strategic Cooperation Agreement (SCA). The agreement is aimed at joint projects delivery in the area of added-value wood conversion and ramping up pulp and paper output in Russia.
According to the announcement, Segezha Group undertook to devise and sign the detailed projects roadmap until September 11, 2017. Among the projects there are the new pulp and paper mill based on the premises of LWP No 1, located in Lesosibirsk of Krasnoyarsk Area; existing pulp and paper facilities’ renovation and the new mill in Karelia are also put on schedule in the near future.
Kamil Zakirov, CEO of Segezha Group, commented:
“We are not only looking for investments in our regional production assets, where Segezha Group operates, but also explore all possibilities thriving from the agreement with our Chinese partner both in joint sales of products, customer-tailored solutions in production, and our Group’s and our counterparts’ capital gains. Chinese companies have long profiled themselves as credible co-investors, and we are looking forward to a prolific cooperation.”
Earlier Segezha Packaging installed a new 10-colour printing machine in Denmark.
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. Segezha is ranked: No. 1 in Russia (52%) and No, 2 in Europe (16,5%) for paper sack production, No. 1 in Russia (71%) and No. 4 in Europe in terms of high-quality unbleached sack paper production , No. 5 in Russia and the world’s No. 7 for large-sized birch plywood production, No. 1 in Russia for sawn timber production – 904 thousand cubic meters per year, and No. 1 in Russia for glulam house sets – the volume stands at 25,5 thousand cubic meters per year.