GS Group holding will invest 1,228 billion rouble ($37.3 million) into the
factory construction. It is expected to be completed and put into
operation by the end of 2014. Sudoma wood factory is to reach the
planned capacity by mid-2015.
GS Group investment project dealing with added-value wood processing in
Dedovichi was launched in 2012 and is to be completed by 2016. A total
amount of the holding’s investment amounts to 3.177 billion rouble. The project includes timber logging and forest regeneration. Its
first stage was finished in 2012, the holding invested
409 million rouble. Growing forest transplants is one of the activities
within the project scope, which is supposed to provide high quality
stock material for forest regeneration. Transplants will be cultivated
in a container nursery (containerized seedlings). Production capacity of
the container nursery is set at two million seedlings a year.
The second stage of the project is the construction of Sudoma added-value wood processing facility. The third part is the intensive development of the project, GS Group will invest 1.54 billion roubles at this stage.