Source Pravda.Ru

Swiss company launches wood processing plant in Russia

Switzerland's Kronoholding company has launched the first 46-million euro wood particle board production line at its Kronostar plant in Russia's Kostroma region, Victor Weitzel, Vice President of Kronoholding's subsidiary Kronotec, reported. The construction of the plant started in March 2002. Currently, the line is working at 50 percent of its design capacity and the full capacity of 150,000 cubic meters of particleboard annually is expected to be reached by the end of next month, he said.

Kronostar has already signed contracts with a number of Russian furniture producers to supply its products. The entire project, which is expected to be completed in five years, will require investments of 350 million euros, the Russia Journal reported.

Comments
Putin prepares bitter and hysterical missile surprise to 'American partners'
Putin prepares bitter and hysterical missile surprise to 'American partners'
Austria will not ruin its friendship with Russia despite spy scandal
The difference between Polish and Ukrainian nationalism is plain to see
Russia unveils nuclear-powered interstellar spaceship
The difference between Polish and Ukrainian nationalism is plain to see
Russia loses nuclear-capable cruise missile in Barents Sea. US intelligence finds it
Russia loses nuclear-capable cruise missile in Barents Sea. US intelligence finds it
Russia loses nuclear-capable cruise missile in Barents Sea. US intelligence finds it
Russia loses nuclear-capable cruise missile in Barents Sea. US intelligence finds it
Capital outflow from Russia sets new records
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Russia's game in Libya
US midterm elections: Impeachment unlikely, Russophobia getting stronger
Capital outflow from Russia sets new records
Russian PM threatens not to go to World Economic Forum in Davos
Russian PM threatens not to go to World Economic Forum in Davos
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Presidential and midterm elections in the USA change the 'American project' entirely
Presidential and midterm elections in the USA change the 'American project' entirely
Russian scientists develop technology to create HIV resistant human embryos