The Selenginsky Pulp and Cardboard Mill, which is the part of the Kontinental Management timber company, signed an agreement for supplying 5,000 cubic meters of corrugated cardboard per month to China. As the Kontinental Management press service reported, it is the largest contract throughout the post-soviet history of the mill concluded on a non-barter basis. Not very long ago, up to 70 percent of ready-made product sales and 90 percent of raw material supplies of the mill were barter-based.
In the near future, the Harris Group consulting engineering company (USA) will complete a report on the technical audit of the Selenginsky Pulp and Cardboard Mill, the results of which will be used for working out medium-term investment plans. The volume of investment expenditures will be over $15m in a short term and will follow the three major lines: increasing the quality of the produced cardboard, the volume of cardboard for lineboard and the volume of corrugated packing with launching multicolor printing, the press service reported.