Russian company Angara Paper, the Swedish Södra Group and Japan's Marubeni Corporation continue the implementation of the project, regarding with the construction of a wood-chemical complex in Russia's Krasnoyarsk region.
The design capacity of the new complex is estimated at 900,000 tons of softwood bleached pulp per year and 300,000 tons of dissolving pulp from birch and aspen. In addition, there are plans for the launch of production of lumber, laminated products, 100,000 tons of fuel pellets, as well as 320,000 tonnes of coated board - the basic material for the production of packaging, which is not produced in Russia.
Financial details of the project were not disclosed.
In accordance with agreement of the partners, the majority of products of the new plant will be sold under the Södra brand name.