Segezha Group to build 8.8 bln rbl plywood plant in Kostroma Reg - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Segezha Group to build 8.8 bln rbl plywood plant in Kostroma Reg

YAROSLAVL, Jul 26 (PRIME) -- Russian pulp and paper producer Segezha Group, part of multi-industry holding Sistema, plans to invest 8.8 billion rubles in a large plywood plant that it will build in the Kostroma Region by 2021, the regional government said in a statement late on Wednesday.

The plant will produce about 130,000 square meters of plywood per year.

Galich, a town, where the plant will be built, has applied for a status of an advanced development territory, and the Economic Development Ministry approved the bid. After coordination with all the ministries, an investor in the city would be eligible for preferences, including a reduced corporate profit tax, value-added tax, and corporate property tax.

(63.0836 rubles – U.S. $1)


26.07.2018 08:35
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