Investment volume in the first stage amounted to 54 mln Euro.

Large upgrading programme is due to start at one of the oldest mills - Syask pulp-and-paper mill.

JSC Mondi Syktyvkar woodworking plant started construction works under STEP project that includes significant capacity expansion with investment project making up 500 mln EURO.

April 29, 2008 Segezha Packaging (Investlesprom Group of Companies) put into operation the first stage of the plant for paper container production in Saransk.

April 25, 2008 UPM and Sveza Group of Companies signed a 50:50 joint-venture agreement.

Estonian Pulp (Norway-Estonia) and Andritz (Austria) are to construct a plant for chemithermomechanical mass and cardboard production.

April 16, 2008 Administration of the Kostroma region, LLC Aspek Management Company and CJSC Aspek-Lesprom are to sign an investment agreement on construction of a pulp-and-paper mill and a sawmill in Manturovo.

Solombala pulp-and-paper mill is to invest about 10 mln Euro in construction of a new Woodstock preparation shop with capacity making up 1 mln ton per year. 

Pryobye woodworking plant is to be constructed in Oktyabrsk district, Khanty-Mansi Autonomous Area.

ASPEK Group of Companies (Izhevsk) and Administration of the Kostroma region signed an agreement of intentions on pulp-and-paper mill and a sawmill construction in Manturovo.

A second ASHER WISS paper making machine was launched at JSC Troitsk paper mill.

Rettenmeier (Germany) is to construct a plant for modified cellulose fibres production worth 10 mln Euro in the Nizhniy Novgorod region.

In pulp-and-paper industry profit reached 13.5 bln rubles (107.1%) with cost-effectiveness making up 13.9%.

Vnesheconombank, the Government of the Komi Republic and Union of Timber Merchants and Timber Exporters of Russia signed a Memorandum of Cooperation.

Bank Austria Creditanstalt AG is to allocate 180 mln EURO to JSC Mondi Syktyvkar LPK for 14 years.

Market pulp production increased by 4.8% up to 1 mln 555.9 thousand ton, cardboard production reached 755.7 thousand ton (+0.1%).

Advanced six-color printing machine ÊBA Rapida 105U has been assembled at printing plant at Neman pulp-and-paper mill since January 2008.

Modernization and reconstruction works completed, the plant is to use waste paper as a raw material for newsprint production.