VEB State Corporation.The Russian Federation has made a strategic decision on the long-term development and scaling of the timber industry of JSC Novotorzhsky LPC (NLPC). Based on the results of VEB's open competitive procedures.The Russian Federation became the owner of 100% of shares of Novotorzhsky LPC JSC. The newspaper Kommersant writes about this.
The former owner of the plant, STOD LLC, did not repay the loan for the launch and development of production at the time. Since 2021, STOD has been involved in bankruptcy proceedings. External management was introduced in the company. At all stages, VEB supported the company and the preservation of the team. In 2024, as part of the financial rehabilitation procedure, a new joint-stock company Novotorzhsky LPC was established. In 2025, the WEB. The Russian Federation, as the main creditor of the woodworking industries in the city of Torzhok (Tver region), announced the completion of the replacement of the assets of STOD LLC while maintaining the unique profile and team of the enterprise.
The Novotorzhsky Timber Processing Plant is a woodworking enterprise that unites a production cluster with the Terra and Arbor plants, which specialize in the development and production of products under the Ultralam™ trademark.
The State Development Corporation "VEB. Russian Federation" (Vnesheconombank State Corporation) (TIN 7750004150) was established on the basis of the Federal Law of the Russian Federation "On the Development Bank" through the reorganization of Vnesheconombank of the USSR in 2007. Vnesheconombank is one of the development institutions whose activities are aimed at eliminating infrastructural constraints on economic growth, increasing the efficiency of natural resource use, developing high-tech industries, unlocking the innovative and productive potential of small and medium-sized businesses, and supporting the export of industrial products and services.
Net profit of VEB.The Russian Federation for 9 months of 2025 amounted to 77.6 billion rubles, which is 16.3% or 10.9 billion rubles. more results for the same period in 2024. Operating profit before deduction of provisions for expected credit losses amounted to 175 billion rubles. Net interest income increased to RUB 119.5 billion.
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