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Investment project - OSB plant “NOTHERN WOOD”- Euro 50.000.000-00

Objective of the project is creation of wood processing facilities of high technological level for engineered wood production with use of low-grade timber. The proposed project is based on the possibility to process poor quality raw materials and produce high quality, competitive at the domestic market final product with high added value. Also, the project is aimed at satisfaction of Russian market demand for modern panel materials and technologies.

  • October 2005 – Congress Prominvest received inquiry to develop an investment project of new OSB plant “NOTHERN WOOD” for Northern Region of Russia
  • January 2006 – Congress Prominvest signed an Agreement as a Project developer
  • February 2006 - Congress Prominvest completed formation of a Project team
  • April 2006 - Congress Prominvest started feasibility study
  • September 2006 – feasibility study & tender documentation completed, project presented to a Group of Investors
  • April 2007 - Congress Prominvest received proposal from Equity partner to join the project
  • July 2007 - Congress Prominvest received proposal from Bank to finance up to 35% of the project cost
  • September 2007 - Wood harvesting Company with full infrostructure and resources enough to source the Project was acquired

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