OREANDA-NEWS. February 26, 2010. Two timber processing investment projects are going to run in Primorye, Russia, in 2010. The JSC Primorsklesprom is to open the timber processing mill in the settlement Olga this year and by 2012 to launch the board lumber and laminate plant in Chuguevka, as Vladivostok Times reported.

One more investment project is going to run in the Primorye forest industry in 2010. In the first three months of this year the laminated parquet plant Lesexport is to start operating in Dalnerechensk.

In the framework of the priority investment projects implementation the timber processing companies are granted 50% rent benefit besides, to support the forest industry in Primorye and provide the infrastructure the companies are granted timber lands on lease. By estimates, when all industrial capacities are brought into service the amount of timber processing in Primorye will increase twice.