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The Segezha Group, one of Russia's largest forestry industrial companies, told satellites that the group plans to find Chinese investors to establish pulp and paper companies in the Krasnoyarsk region.
â–²In July 2007, Xigaza Group signed a strategic cooperation agreement with China National Engineering International.
The group disclosed that in March 2019 it will participate in the largest international activity in the pulp and paper industry - Shanghai International Pulp Week Exhibition.
The Information Office said: "Our Group plans to hold a series of meetings with potential investors during the exhibition period to attract foreign investment to develop current production capacity, such as large-scale upgrade of the Sherza City pulp and paper enterprises, construction of new plants, and introduction to me. The project to build a new biotechnology complex in Krasnoyarsk Territory."
Previously, the Segza Group and the Industrial Bank of China's Russian branch signed a revolving credit agreement with the company, with a limit of 2 billion rubles (about 3,500,000 US dollars).
Mikhail Shamorin, president of the Schezeza Group, pointed out that the company hopes to expand the export of sawn timber and paper to China in the near future and carefully study the establishment of a paper packaging joint venture in China.
The Segza Group is the largest forestry enterprise in Russia in Europe, with a total area of ​​7.34 million hectares. China is the largest importer of Russian coniferous sawn timber, and 45% of the Segza Group's products were exported to China in 2018.
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