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A new timber processing complex may appear in Transbaikalia

Singapore’s Sudima (Sudima), together with its Indian partner, KGK (KGK), plans to launch a project to set up a timber processing complex in Primorye and Trans-Baikal.

According to preliminary calculations, the volume of investment may exceed 200 million US dollars. The new enterprise will produce parquet, furniture panels, lumber and pellets. For the project, a special project company, "KJJ Sudima Evergreen." Assistance in launching the project is provided by the Agency of the Far East for attracting investment and export support (ANO API). The corresponding agreement of intent was concluded in November last year between ANO API and the company "Sudima" in the presence of the Senior State Minister of Industry and Trade of the Republic of Singapore Ko Po Kun.

“Initially, new production was planned to be created in Primorye, but due to the possible shortage of wood for such a large project, it is divided into two parts, and the second is being implemented in Transbaikalia. Investors have already held talks on this topic in Transbaikalia, ”said Leonid Petukhov, CEO of ANO IPA, noting that the forest industry is one of the priorities for the IPA, therefore the most attention is paid to supporting projects.

According to Leonid Petukhov, “ANO API intends to accompany the project from the starting point to the start of production. Now ANO API helps the investor in choosing a plot, ”he specified.

The company "Sudima International" was founded in 1994 in the Republic of Singapore, for several years mentioned in the list of leading private companies in Singapore "TOP-50 Entrepreneurs" ("Enterprise 50"). The main areas of work are the procurement and production of wood products, as well as the sale of agricultural products. The company has its own timber processing complexes in Indonesia, Myanmar, and Vietnam. Representative offices are open in Malaysia, China, India, Ghana, New Zealand, Liberia, Togo, USA, Ukraine, Brazil, Panama, Myanmar.

Note that the projects for deep processing of forest will be discussed during the visit of Indian companies to Vladivostok in the middle of August of the current year.

Information provided by the press service of the Agency for the Far East to attract investment and export support




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