VEB Presented Project for Construction of New Pulp Mill in the Krasnoyarsk Territory

Vnesheconombank presented a pulp mill construction project at the Krasnoyarsk Economic Forum. The new mill will become part of the timber industry complex in Boguchanovsky district in the Krasnoyarsk Territory.

The construction will be carried out on the ground of JSC Kraslesinvest, a member of VEB Group. The level of investment in the creation of the entire complex will be about 1.5 billion US dollars. The total duration of the project with all its stages will be 4 years.

The production will be based on advanced sulphate pulping technologies, subject to existing environmental safety requirements. The mill is expected to process up to 4.3 million cubic metres of wood of coniferous and deciduous trees and produce up to 750 thousand tonnes of pulp.

The mill will make it possible to process the wood supplied by logging operators from a vast region - within a radius of nearly 300 kilometres.

“The RF Government is paying a great deal of attention to the integrated development of the Lower Angara region. This project is a part of it. The largest forest reserves of the region, the proximity of the necessary water and energy resources, availability of qualified labour and infrastructure provide the most favourable conditions for this,” noted Deputy Chairman of the Government of the Russian Federation Arkady Dvorkovich.

“There is no similar project in the Krasnoyarsk Territory. Our task is to recycle industrial wood waste. The mill will allow us to solve it,” said Governor of the Krasnoyarsk Territory Viktor Tolokonsky.

“The new pulp mill will increase the profitability of the existing production facilities of the forest industry company Kraslesinvest through the output of high margin products. Besides, we are now considering the production of more downstream products - rayon fibre,” - commented Chairman of Vnesheconombank Sergey Gorkov.

JSC Kraslesinvest is the largest wood processing project in the Krasnoyarsk Territory. The factory was established in 2007 on the initiative of Vnesheconombank as a part of the program “Integrated Development of the Lower Angara Region”. (100% of shares of JSC Kraslesinvest are owned by Vnesheconombank.

The construction of the wood-sawing complex was completed in 2016 (commissioning of the wood-sawing complex took place in July, and the drying and sorting facility was put into operation in November). All production processes are automated and meet high environmental requirements.

Press Office