Segezha Group (a subsidiary of Sistema PJSFC) and machine manufacturer Bellmer have agreed to build a new paper machine for Segezha Group’s paper factory in Sokol, Vologda region, Russia. The commissioning of new machine is scheduled for 2023.
This project is part of Segezha’s attempts to modernize paper production at its Sokol factory and will increase the Group’s paper output capacity fourfold, from 20 to 80 thousand tonnes per year. Segezha’s total investment in the project amounted over RUB 11 billion ($144 million).
Bellmer will design and manufacture a range of equipment used to produce environmentally friendly unbleached greaseproof paper. The project has paid considerable attention to environmental concerns and the idea of a circular economy. As such, a modern sewage treatment plant is to be constructed, easing pressure on public sewage facilities and minimising the Company’s environmental impact.
This project will create more than 100 new jobs and bring in around RUB 1.6 billion ($21 million) in tax revenues annually to the regional budget.
