Companies in the timber industry / Daily News / Pulp & Paper / Sawmilling / Wood Products / China / Global / Russia
December 11, 2017
Chinese company to invest $1.5 billion in a pulpmill in Russia’s Far East
On November 28, 2017, Investment Agency of the Far East and China Paper has signed a Memorandum of understanding to implement the project of a pulpmill in Amursk, Khabarovsk region. It is expected that the plant will produce up to 500,000 tonnes of pulp of several types for the Chinese market, the investment will be about $1.5 billion, as WhatWood reported. According to the signed Memorandum, the mill site will be included in Komsomolsk advanced development zone, which will enable investors to obtain significant tax benefits.   ...
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