A Russian investment company is planning to construct a major US$2.8bn forest products manufacturing complex for products including MDF, construction materials and pulp and paper, in southern Siberia.
The Buchansky project planned by the company CJSC Kraslesinvest is being located in the Krasnoyarsk region at the heart of Russia’s richest area of untapped wood resource. Kraslesinvest, based in Krasnoyarsk, was set up by the state-run bank Vnesheconombank.
This complex, due to go on stream in 2011, is set to include a 250,000m3/year MDF line; a 700,000m3/year sawmill and a one million ton/year sulphate pulp mill. In addition it is expected to produce pre-fabricated housing components. It is due to create around 2,500 new jobs, according to Kraslesinvest.
The German company MAN Ferrostaal AG is responsible for project works and construction and production technology expertise is being provided by Montreal, Canada-based forest products consultancy KSH Solutions Inc.