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2017-04-19 00:00:00
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In recent times, UstyeLes has been investing quite heavily in different areas of their business and the latest is to bring about an increase in plywood production in their Russian mill in Sokol, Vologda region. With this latest wave of investment not so long ago, production doubled but they now believe it can triple as we progress through 2017. If that’s the case, the investment of over $8 million will see output reach 50,000 cubic metres.
For UstyeLes, the investment is very much a long-term project with the first wave taking place between 2013 and 2015. During this time, a new logging unit was created in order to harvest over 150,000 cubic metres of timber over a period of twelve months. In addition to this, the 18,000 cubic metre plywood production facility was also introduced.
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