New plant for particle board and plywood to be built in Vokhtoga, Vologda region

Then the employees were sent to forced vacations, and the wage arrears reached 29 million rubles.

The issue of plant operation restoration was followed up by the Vologda Region Government. It succeeded in finding new investors: Cherepovets Plywood and Furniture Mill JSC and the Group of Companies “Vologodskiye lesopromyshlenniki”. Their cooperation helped to create a new organization - VokhtogaLesDrev - and employ more than 500 people.

A new project based on Plitwood LLC includes the plywood plant construction with a capacity of 120,000 cubic meters per year and the increase in the existing capacities for particleboard production to 300,000 cubic meters. The investment volume is more than 4.5 billion rubles. The social effect is the creation of 250 new jobs. The budgetary effect by the time, the enterprise achieves its production capacity in 2021, will amount to 150 million rubles.

“This is a very important project for the region. I thank the investors for their work for the development of the Vologda region,” Governor noted. “Since you came, Vokhtoga Woodworking Plant received a new direction of development. I am sure that all our agreements will be fully implemented. Signing this agreement, we guarantee full support and regional benefits to implement this major project.”

“We believe that this project will significantly improve the level of wood processing in the Vologda region and will boost the village development. Today we are at the stage when the selection of the necessary equipment and technologies made, the existing raw material base sufficient, that’s why we are optimistic about the future. New plant commissioning is planned in 2021,” Board Chairman of Group of Companies “Vologodskiye lesopromyshlenniki” Alexander Churkin said.

To provide a new investment project with forest resources, the Government initially selected 217 thousand cubic meters of forest plantations. However, this figure was increased to 817 thousand cubic meters by the Governor instruction. Currently, the company is developing a concept to include the project in the list of priority ones in forest development field and subsequently make rent treaties for forest areas.

According to the Press Service of the Vologda Region Governor

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Vologda Region Development Corporation (OJSC)
Gertsen st.27, Vologda, Russia,
Phone: +7 (8172) 56-12-52, 56-21-03, 56-21-04

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