Segezha Group (part of Sistema JSFC) and Chinese CAMC Engineering Co Ltd signed a strategic cooperation agreement.
In furtherance of projects implementation under the agreement, Segezha Group undertook to devise and sign the detailed projects roadmap until September 11, 2017, as the company said in the press release received by Lesprom Network.
The strategic cooperation agreement is aimed at joint projects delivery in the area of added-value wood conversion and ramping up pulp and paper output in Russia.
Amongst others, the new pulp and paper mill based on the premises of LWP No 1, located in Lesosibirsk, Krasnoyarsk region, Russia, is afoot for construction; existing pulp and paper facilities’ renovation and the new mill in Karelia are also put on schedule in the near future.
Kamil Zakirov, CEO of Segezha Group stated: “We are not only looking for investments in our regional production assets, where Segezha Group operates, but also explore all possibilities thriving from the agreement with our Chinese partner both in joint sales of products, customer-tailored solutions in production, and our Group’s and our counterparts’ capital gains. Chinese companies have long profiled themselves as credible co-investors, and we are looking forward to a prolific cooperation.”
Segezha Group is one of the largest Russian forest industry holdings with the vertically integrated structure and a full cycle of logging and added-value wood processing.
