Segezha Group

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...

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).