Москва. 15 июня. /Lesprom Network/. Russian forestry company Ilim Timber acquires two Klausner Group’s sawmills - Klausner Holz Bayern (KHB) and Klausner Nordic Timber (KNT) in Germany. Mills production capacities are respectively 800 thousand and 1100 thousand cubic metres of sawn timber per year, Ilim Timber said in a statement received by Lesprom Network.
According to the arrangements Ilim Timber also acquires a set of brand new Linck sawmill equipment with production capacity of 600 thousand cubic metres per year. The equipment had been ordered by Klausner Group, but was not installed due to the world economic crisis.Ilim Timber plans to continue operations on the both mills in Germany and achieve maximum capacity. The set of brand new equipment will be used for the brown field project in Siberia (Irkutsk region) upgrading existing Ilim Timber production facility until the end of 2011.«Acquiring of the high-class assets allows us to strengthen our position in the European market. Installation of the new equipment at the existing saw mill location in Eastern Siberia gives us an opportunity to increase production volumes and extend our presence in China. As a result Ilim Timber will achieve the production volume of about 3 million cubic metres per year, positively affecting company value» - Ilim Timber CEO Michael Kokorich stated.Ilim Timber was established in 2007 and is comprised of several woodworking assets that earlier belonged to the largest Russian timber industry corporation Ilim Pulp. Ilim Timber produces annually over 520 000 cubic metres of commodity timber, over 145 000 cubic metres of plywood and 45 million square metres of fiberboard.
