8 Feb '10 | North West | Industry, manufacturingE-mail this story

Novgorod’s $900m pulp Phase 1 announced


Novgorod’s $900m pulp Phase 1 announced
Novgorod Region wants to have a pulp-making factory built for the capacity of 300,000 tons of bleached pulp a year, Governor Sergei Mitin said.

The cost of Phase 1 of the project has been reportedly estimated to be around $900m.

According to the governor, Russia’s Vnesheconombank (VEB Bank) and developer Kontinental-Invest are expected to invest in the project.

The factory capacity may be increased to a million tons later on, the governor added.


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