Investlesprom is to construct a paper mill worth 678 mln EUR in Sokol (Vologda region). Project capacity amounts to 600 thousand ton of paper per year. The plant is to use birch as raw material. Construction works under the first stage are due to start with construction of power unit with capacity reaching 820 mln kW/h per year.

In two years Investlesprom invested over 14 mln EUR in harvesting, of them over 3 mln EUR in forest road construction.

Another project realized by CJSC Investlesprom in the Vologda region aims to increase timber house construction with expected investment volume in 2008-2009 making up over 17 mln EUR. Potential investors include Sberbank and Bank of Moscow.

Business Support Bureau "Runa" www.runa.info