Within this limit, the VTB branch operating in northwest Russia will finance the reconstruction of the group’s Kharovsklesprom sawmill, providing lending services such as import irrevocable
The investment project to modernise Kharovsklesprom is being implemented in order to increase the processing of coniferous sawtimber and the annual production of sawn timber from 90,000 to 200,000 cubic metres. The funds will be used to purchase equipment from abroad and modernise the mill’s production capacities.
Vologodskiye Lesopromyshlenniki is one of the leading groups of timber companies in the Vologda Region. Its enterprises produce and sell commercial timber and sawn timber, transport commercial timber to clients in Russia and abroad, purchase and reload timber products from small producers at their own terminals, provide leasing services, as well as develop and implement investment projects in the timber sector of