Sveza completes the acquisition of the Tyumen Plywood Mill in Russia12 March 2018
The Russian Sveza Group has completed the acquisition of the Tyumen Plywood Mill group. The deal was approved by the Russian Federal Anti-Monopoly Service (FAS).
The Tyumen Plywood Mill is one of the most modern wood processing and plywood production enterprises in Russia. The mill produces about 92,000m3 of plywood every year. Its main production facilities commenced operation in 2008. The mill specialises in the production of large-sized plywood. Its product range includes plywood of 16 different sizes.
“The purchase of the Tyumen Plywood Mill is yet another step in implementation of Sveza’s strategy to increase production capacity including by means of expanding the portfolio of assets with a high growth potential,” said Anatoly Frishman, Sveza’s CEO.
The production plan of Sveza envisages manufacturing over 1.15 million m3 of birch plywood in 2018.