Segezha Group continues the modernization of the Karelian Wood Company, a logging and wood processing company. More than RUB 100 million ($1.3 million) has already been invested in the plant's modernisation. Moving forward, the company plans to expand its production capacity and secure further investments to the tune o...
Segezha Group launches pellet production facility in Sokol, Russia. The new facility will produce 65 thousand tons of pellets annually.
Segezha Group, a leading Russian vertically integrated fiber-based packaging solutions and forest products company, has commenced a major investment project in Romania. The total investment under the project will be approximately Euro 10 million.
Raute has received orders worth approximately Euro 16 million from Segezha Group to Russia. The scope of orders includes new production lines and modernizations of existing lines to increase the veneer production capacity, and also production lines to further process plywood.
Mikhail Shamolin, President of Segezha Group (a Sistema company), and Arthur Parfenchikov, Head of the Republic of Karelia, Russia, signed a letter of intent for the implementation of the “Segezha West PPM Construction Project”. The investments are estimated at RUB 178 billion ($2.4 billion).
Segezha Group PJSC, a subsidiary of Sistema PJSFC, has begun trading on the Moscow Exchange. The stock trades under the ticker SGZH. The shares are included in MOEX’s Level 1 List.
Segezha Group’s packaging production plant in Aalborg, Denmark, this year became the Group’s first facility to switch to totally CO2 free electricity.
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.