Arkhangelsk region to get new project

Novye Lesnye Technologies (New Timber Technologies, St. Petersburg) is to invest over RUR11.8 mln (€ 300 th.) in construction of a mill for advanced timber processing in the Arkhangelsk region.

The mill is to produce wooden boards and chipboards with annual capacity making up 250 th. cubic meters and 325 th. cubic meters respectively.

Besides, the mill will have a sawmilling facility (100 th. cubic meters per year) and glued log production (15 th. cubic meters per year).

The project can be included in the list of priority investment projects in the field of forest exploitation.