OREANDA-NEWS. The investment project of Segezha Pulp and Paper Mill development was presented within the framework of the session of the State Commission for preparation for the celebration of the 100th anniversary of the Republic of Karelia held in Petrozavodsk on December, 17. Director General of LesInvest Ltd. Sergei Pomelov has told about prospects of development of the enterprise.

Currently, LesInvest is in the lead in manufacturing of unbleached sack paper and paper sacks in Russia, and is the second in Europe in production of paper sacks.

Nikolai Patrushev chairs the session of the State Commission

Segezha Pulp and Paper Mill, Segezha Packaging Ltd. and Karelia Woodchip Board Inc. are the most important enterprises of the holding within the territory of Karelia. These enterprises provide 40% of company's earnings, 50% of its employees work there.

- Thanks to the efforts of Head of Karelia Alexander Khudilainen, our council has made a decision to register the company's legal in Karelia, and our head office is located in Petrozavodsk. In 2015 tax levies to budgets of different levels will make 480 million roubles, - Sergei Pomelov has told.

Heads of public authorities of Karelia

He has also pointed out that the stockholder has made a decision to develop its active assets within the territory of Karelia, and up to the year 2017 it is supposed to spend 12 billion roubles on the investment program. In particular, implementation of the project of development of procurement and increase in its volumes is expected. Total volume of investments makes 1,2 billion roubles.

The second investment project concerns the enterprise of Segezha Packaging and is expected to increase capacity up to 90 million sacks. The volume of investments makes 500 million roubles.

The main project, as Sergei Pomelov has told, is aimed at in-depth modernisation of Segezha Pulp and Paper Mill: it is planned to produce 360,000 tons of unbleached sack paper. Today production volume makes 250,000 tons. The project is also aimed at substantial quality improvement and reduction of production cost.