Swiss Krono Group Begins Woodwork Mill Construction in Perm Krai Russia

Posted: March 11, 2015 in Econ 101, Free Trade, Sanctions on Russia Meaningless

SOURCE: http://www.fordaq.com/fordaq/news/Swiss_Krono_OSB_plant_Russia_40813.html

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Swiss Krono Group receives permit to start building OSB plant in Perm, Russia
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March 09, 2015

Swiss Krono Group, through its subsidiary LLC “Swiss Krono Rus”, received permission to start building a woodworking mill in Perm Krai, Russia, the local government reported in a press release. The state’s authorities conducted an examination process and approved Krono Group’s construction project entitled “OSB plant in Perm Kray”.

As reported before, the production capacity of the mill is estimated at 600.000 m3 of OSB per year, which will be delivered on the Russian market, but also to Japan. About 150 thousand m3 of the local aspen will be processed for OSB production at this plant. Investments in the project will amount to 10 billion rubles (~ US $166,7 million, as of 09.03.15).

The company plans to start the constuction works in April 2015, and to put the plant into operation in June of the same year.

Swiss Krono Group is one of the leading wood-based materials producers in Europe. The group includes 10 plants in 7 countries with the annual capacity more than 5 million m3 of wood board: chipboard, MDF, OSB, laminated boards and other.

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Krono enters into agreement on OSB plant in Perm
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September 19, 2013

According to whatwood.ru, an agreement was signed between the Swiss Krono Group and the Russian Perm region governor, Viktor Basargin, for the construction of a woodworking mill.

The production capacity of the mill is estimated at 600.000 m3 of OSB per year, which will be delivered on the Russian market, but also to Japan.

The construction is expected to begin in July 2014 and the inauguration of the mill is planned for the same month of 2015.

SOURCE: http://www.fordaq.com/fordaq/news/Krono_mill_OSB_Russia_34196.html

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About Us – Swiss Krono Group

Global success with innovative wood-based materials

Originating from a family company with over 50 years of experience in the area of wood-based materials, the Swiss Krono Group is now a leading manufacturer in Europe.
The group is managed from it’s headquarters in Lucerne, Switzerland.

Employing a total of 4,500 people, the group achieved a net turnover of just under CHF 1.9 billion in the financial year 2011/2012

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