7 Aug '08
Perm regional timber processing factory Kochevsky will build a $25m factory to manufacture pre-fabricated panel houses, sources in the regional administration report.
The new factory will be built in Kochevo and have an annual capacity of producing 50,000 sq. meters of residential housing panels.
Regional officials forecast that the per-square-meter price for new houses using the new panels won't exceed $630.
Construction is scheduled for completion within the next 18 months.