“During 2014 the production has been developing favorably and the results have been encouraging. Starting the second shift in January will the next step of the sawmill’s development”, says Aleksander Panyukov, Managing Director of Norwood.
The sawmill will increase production to about 90,000 cubic metres annually and the production will continue to be sold to ex CIS markets and to Byko-Lat, which is part of the Norvik Timber Industries, for further processing.
“Our commitment to the Russian forest industry is long term regardless of the current political turmoil”, says Sampsa Auvinen, CEO of Norvik Timber Industries.
Norwood operates from several locations within Russia, with headquarters in Syktyvkar, the capital of the Komi republic. Other operating bases are in Puzla, Velsk and Troitsko-Pechorsk.
