The Segezha Group is planning to construct a glue-laminated timber (glulam) plant in the town of Segezha in the Republic of Karelia. Investment in the project will amount to some RUB13.4 billion, and the commission is scheduled for 2023. The plant will manufacture glulam products for Russia, the EU member states and Japan, with an output of 240,000m3. The project aims at increasing the volume of added-value wood processing products and the growth of the sales geography.
Land surveying works for the project have already been launched. Site clearance is being performed. The plant’s operation framework has been developed. Suppliers of the basic manufacturing equipment are being selected.
The new plant will be located next to the group’s primary asset in the Republic of Karelia, the Segezha Pulp and Paper. The chippings left from manufacturing will be processed at Segezha Pulp and Paper Mill, ensuring synergy between the new plant and the existing facility.
At the moment, Sokol Woodworking Plant is the only Segezha Group facility that manufactures glulam. Its glulam output is 100,000m3. Upon completion of the project in Karelia, the total glulam output of the holding will increase by 240% to 340,000m3.