China is to invest 1.6 bln USD in construction of a plywood plant and 10 facilities for chemical and mechanical wood processing in the Tomsk region. January 2009 LLC Henda-Siberia started realization of an eight year investment project. LLC Henda-Siberia (China-Russia) started designing works of the first stage of plywood plant with capacity making up 200 thousand cubic meters per year.

10 plants for chemical and mechanical wood processing, including (plant for MDF, OSB production, shop for planed molding production, pulp and paper mill) are to be constructed in the Tomsk region by 2016. The plants are to process about 4.5 mln cubic meters – in order to provide the necessary volume of timber there will be launched 18-20 harvesting companies. All expenses are to be paid by the Chinese party. Russian party is to provide a forest area of 95 ha and logging machinery purchased in Canada.

According to experts, China is ready to invest in Russian woodworking industry due to lack of timber in China and favorable position of both countries.

via RUNA.INFO – China is to invest 1.6 bln USD in Russian woodworking industry.

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