Segezha Group and FESCO Transport Group sign agreement of intent

Market: Lumber / Panels / Plywood
Posted April 16, 2019
Segezha Group (part of Sistema JSFC) and FESCO Transport Group signed an agreement of intent at Krasnoyarsk Economic Forumin Russia, as the company said in the press release received by Lesprom Network.

The parties agreed to work together for mutual benefit in the sphere of organizing cargo transportation and development of optimal logistical solutions in the process of modernization of the Segezha pulp and paper mill in Karelia, construction of a new plywood mill in the town of Galich, Kostroma region, a new biotechnological complex in Krasnoyarsk region and other Segezha Group projects.

According to the agreement of intent, a joint plan will be developed for the companies to participate in Yenisey Siberia TIS. FESCO will also be invited to participate in competitive purchases related to transport and logistics servicing of the assets of Segezha Group currently being modernized or built and the assets currently in operation. They will also prepare proposals for development of transport and logistics solutions and their subsequent application.

If a contract on the subject is signed, FESCO will provide the necessary resources and will carry out transport and forwarding services for enterprises, including transportation of ready products, heavy and oversized cargoes via the port of St. Petersburg and ports of the Far East all the way to the end consumer.

The parties do not exclude the opportunity of joint acquisition and operation of rolling stock and containers in order to facilitate uninterrupted dispatch of company products.

Segezha Group (affiliated to Sistema JSFC) is one of the largest Russian vertically integrated timber holding companies.



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