| Manturovo project included in the list of priority projects |
| Monday, 02 February 2009 | |
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Investment project on pulp and paper mill construction in Manturovo (Kostroma region) was included in the list of priority projects in the field of forest exploitation. Ministry for Industry and trade signed the appropriate document January 28, 2009. The project is to be invested by LLC ASPEK Management Company and CJSC ASPEK-Lesprom with investment volume amounting to 1.6 billion EUR. Manturovo pulp and paper mill is to produce 800 thousand ton of market pulp that will be used for paper production. As raw material the mill will mostly use broadleaf timber up to 4 mln cubic meters from annual allowed cutting volume rate. The mill is to be launched in 2011. Business Support Bureau "Runa" www.runa.info |