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Eniseisky Plywood Mill, built under VTB Bank support, launches its first production line

 
27 May 2011

© RIA Novosti, Alexey Nikolskiy

On 27 May 2011, the largest timber processing enterprise of the Krasnoyarsk Territory, Eniseisky Plywood Mill LLC, was launched. The opening ceremony was attended by Boris Gryzlov, Chairman of the State Duma, Lev Kuznetsov, Governor of the Krasnoyarsk Territory, representatives of the regional administration and VTB Bank, including Yulia Golygina, VTB Vice President, and Tatyana Bugaeva, VTB Bank Krasnoyarsk Branch Manager.

This project, which is on the list of Russia’s priority investment projects, was implemented with financial support of VTB Bank. The Bank’s total investment in the company exceeded USD 170 million.

Vadim Vasilyev, General Director of Eniseisky Plywood Mill LLC, said: “Today we are launching the largest state-of-the-art plywood production in Russia. It is the first step on the way to creating a powerful multi-faceted timber processing facility for production of plywood, oriented strand boards and fuelwood pellets”.

Nikolay Ustinov, VTB Bank Senior Vice President, commented: “I am glad that this large-scale project, which is very important for the development of Russia’s timber industry, was brought to life with VTB Bank support. VTB continues to be interested in financing Russian industrial enterprises, whose business is in line with development priorities of Russian regions”.


For
reference:

Eniseisky Plywood Mill LLC is a world-class timber processing facility, which operates under American production standards and uses high-quality Russian raw materials. The planned annual output of the company is 350,000 cubic meters of plywood and 100,000 cubic meters of veneer.


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