Segezha increases the capacity of the Vyatka plywood mill

AK&M 21 June 2021 19:43

Segezha Group increases the capacity of the Vyatka Plywood mill. The engineering of the equipment of all existing production facilities was carried out, the composition of the new equipment was determined. This is stated in the company's message.

It is planned to build a new workshop, modernize the raw materials exchange and existing lines. After the construction is completed, the production area of the plant will increase by 9.9 thousand m2. The new facilities will be put into operation at the end of 2022. The volume of planned investments is about 6 billion rubles. It is planned to increase production volumes by 33% to 255 thousandm3.

Vyatka Plywood Mill produces polished and laminated birch plywood of the FSF brand. The design capacity of the VFC is 93 thousandm3 of birch plywood per year.

Segezha Group is one of the largest Russian vertically integrated timber industry holdings with a full cycle of logging and deep processing of wood. The holding includes Russian and European enterprises of the forest, woodworking and pulp and paper industries. The geography of the group's representative offices covers 11 States. The products are sold in more than 100 countries around the world. SG enterprises employ 13 thousand people. Segezha Group is the largest forest user in the European part of Russia. The total area of the leased forest fund is 7.42 million hectares of forest plots, 85.7% (6.36 million hectares) of which are certified under voluntary forest certification schemes. Segezha Group's net loss under IFRS for the first 9 months of 2020 was RUB 5.5 billion, compared to a profit of RUB 4.2 billion a year earlier. Revenue increased by 14.7% to RUB 50.2 billion from RUB 43.7 billion, OIBDA-by 11% to RUB 11.3 billion from RUB 10.2 billion, operating profit - by 7.7% to RUB 6.6 billion from RUB 6.1 billion.